SB132 Alabama 2021 Session
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Bill Summary
Sponsors
Session
Regular Session 2021
Title
Wallace-Folsom Savings Investment Plan Act, ACES Program, name of and name of Admin Fund and savings accounts changed to AL Comprehensive Education Savings Program, definitions clarified, Secs. 16-33C-3, 16-33C-10 am'd.
Description
This bill would revise the name of the ACES Program within the State Treasurer's office, as provided by the Wallace-Folsom Savings Investment Plan Act, from the Alabama College Education Savings Program to the Alabama Comprehensive Education Savings Program and would clarify that certain terms are defined in federal law
To amend Sections 16-33C-3 and 16-33C-10, Code of Alabama 1975, relating to the Wallace-Folsom Savings Investment Plan Act; to revise the name of the ACES Program from the Alabama College Education Savings Program to the Alabama Comprehensive Education Savings Program; and to clarify the meanings of certain terms pursuant to federal law.
Subjects
Alabama College Edcuation Savings Program
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| March 2, 2021 | H | Read for the first time and referred to the House of Representatives committee on Financial Services |
| March 2, 2021 | S | Motion to Read a Third Time and Pass adopted Roll Call 308 |
| March 2, 2021 | S | Third Reading Passed |
| February 23, 2021 | S | Read for the second time and placed on the calendar |
| February 2, 2021 | S | Read for the first time and referred to the Senate committee on Governmental Affairs |
Bill Calendar
| Type | Date | Location | Description |
|---|---|---|---|
| Hearing | February 23, 2021 | Room 825 *Bill Added* at 13:00 | Senate GA Hearing |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB132 Alabama 2021 Session - Introduced |
| Fiscal Note | Fiscal Note - SB132 for Governmental Affairs |