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(Parenthesis ( ) Indicate Expenditure Decreases)

Duplicates/Conflicts with/Companion to/Relates to

SOURCES OF INFORMATION

Commission on Higher Education (CHE)

SUMMARY

Synopsis of Bill

This bill amends the Education Trust Act in the following manner:

• •eliminates condition that beneficiary must be under 19 years of age;
• •eliminates requirement that beneficiary must be a resident at the time investor enters into college investment agreement or is a non-resident of a resident parent at the time investor enters into college investment agreement; and
• •eliminates prerogative that Education Trust Board may require a period of residency.

FISCAL IMPLICATIONS

The impact is indeterminate at this time.

APP/njw