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2018 Regular Session
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Overview
At the request of:
Chief Sponsors: Senator Hass
Regular Sponsors: Senator Baertschiger Jr, Bentz, Burdick, Dembrow, Gelser, Johnson, Linthicum, Manning Jr, Monnes Anderson, Monroe, Prozanski, Riley, Roblan, Steiner Hayward, Taylor, Thomsen, Representative McKeown, Smith DB, Smith Warner, Sollman (Presession filed.)
Bill Title: Relating to determination of eligibility for public benefits of higher education savings account owner; prescribing an effective date.
Catchline/Summary: Specifies that amount in account established for higher education expenses is disregarded for purposes of determining account owner's financial eligibility to receive assistance or benefit authorized by law, other than means-tested state financial aid for higher education, to extent permitted under federal law.
Specifies that amount in account established for higher education expenses is disregarded for purposes of determining account owner's financial eligibility to receive assistance or benefit authorized by law, other than means-tested state financial aid for higher education, to extent permitted under federal law. Directs Higher Education Coordinating Commission to study potential effects on financial aid programs of excluding amounts in accounts established for higher education expenses from determination of expected family contributions and to study policies to incentivize saving for higher education expenses among families at or below median income. Applies to eligibility determinations made on or after January 1, 2019. Takes effect on 91st day following adjournment sine die.
Chapter Number:
Fiscal Impact: Fiscal Impact Issued
Revenue Impact: No Revenue Impact
Measure Analysis: Staff Measure Summary / Impact Statements
Current Location: Speakers Desk - Awaiting Referral
Current Committee:
Current Subcommittee:
Subsequent Referral(s):
Measure History
Scheduled Events