SB 2796 SD 1

RELATING TO THE COLLEGE SAVINGS PROGRAM

By Senator(s) MIZUGUCHI (BR)

Companion Bill: HB 2455

Subjects: Governor

Keywords: DEPARTMENT OF BUDGET AND FINANCE, EDUCATIONAL FINANCIAL AID, HIGHER EDUCATION, TAXATION, TUITION

Report Title: College Savings Program

Description: Defines "eligible educational institution" in college savings program in taxation code; allows the Director of Finance to enter into tuition agreements with account owners; allows distributions from account after a minimum length of time as determined by the Director of Finance; clarifies withdrawals. (SD1)

 1-25-00        S Introduced and passed First Reading                      
 1-27-00        S Referred to 1. EDU 2. WAM                                
 2- 4-00        S Bill scheduled to be heard by EDU on 02-16-00 at
                  2:00 p.m. in conference room 212.
 2-16-00        S The committee on EDU recommends that the measure be         
                  PASSED, WITH AMENDMENTS.
 2-16-00        S The votes in EDU were as follows: 5 Ayes: Senator(s)        
                  D. Ige, Sakamoto, Bunda, Chumbley, Slom; Ayes with
                  reservations: Senator(s) ; none Noes: Senator(s) ;
                  and 2 Excused: Senator(s) Matsunaga, Tam
 2-18-00        S Reported from EDU (Stand. Com. Rep. No. 2301) with
                  recommendation of passage on Second Reading, as
                  amended (SD 1) and referral to WAM
 2-18-00        S Report adopted; Passed Second Reading, as amended
                  (SD 1) and referred to WAM.