FIFTY-FOURTH LEGISLATURE

FIRST SESSION, 2019

February 4, 2019

 

 

 

Mr. Speaker:

 

    Your EDUCATION COMMITTEE, to whom has been referred

 

HOUSE BILL 239

 

has had it under consideration and reports same with recommendation that it DO PASS, amended as follows:

 

     1. On page 2, strike lines 5 through 12 in their entirety and insert in lieu thereof the following new subsection:

 

          "C. "authorized 529 vehicle" means a certified 529 tax advantaged college savings plan designed to make post-secondary education more affordable for families and that is authorized by the state treasurer to hold and manage children's savings accounts;".

 

     2. On page 2, line 15, strike "financial institution" and insert in lieu thereof "529 vehicle".

 

     3. On page 2, line 25, strike "financial" and insert in lieu thereof "529 vehicle".

 

     4. On page 3, strike line 1 up to the period.

 

     5. On page 3, strike lines 5 through 7 in their entirety.

 

     6. On page 4, line 4, before "authorized", insert "an" and strike "financial institutions" and insert in lieu thereof "529 vehicle".

 

     7. On page 6, line 1, strike the colon, strike lines 2 through 5 in their entirety and on line 6, strike "(2)".,

 

 

and thence referred to the APPROPRIATIONS & FINANCE COMMITTEE.                            

                             Respectfully submitted,

 

 

 

                                                                 

G. ANDRES ROMERO, CHAIR

 

 

Adopted     Not Adopted

           (Chief Clerk)                            (Chief Clerk)

 

Date

 

 

The roll call vote was 10 For 0 Against

Yes:      10

No:       0

Excused:  Gallegos, DM, Salazar, Stapleton, Trujillo, L.

Absent:   None

 

 

 

 

 

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