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HB 1225: Education Savings Account Program

GENERAL BILL by Brandes ; (CO-INTRODUCERS) Corcoran ; Costello ; Grant

Education Savings Account Program; Creates Education Savings Account Program to allow payment to participating student's account equal to percentage of amount student would have generated under FEFP, which would be deposited in financial institution to be used for child's education; provides eligibility requirements for students, schools & programs, & financial institutions to participate in program; provides qualified uses of funds in education savings account; provides responsibilities of parents, students, financial institutions, DOE, & Chief Financial Officer.

Effective Date: upon becoming a law
Last Action: 5/7/2011 House - Died in Education Committee
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
3/4/2011 House • Filed
3/8/2011 House • Introduced -HJ 107
3/14/2011 House • Referred to Education Committee; Rulemaking and Regulation Subcommittee; Appropriations Committee -HJ 220
5/7/2011 House • Indefinitely postponed and withdrawn from consideration
• Died in Education Committee