Robert M. Hertzberg
- Democratic
Author
The Golden State Scholarshare Trust Act establishes the Golden State Scholarshare Trust, under the administration of the Scholarshare Investment Board. Under existing law, parents and others may invest tax-deferred funds with the trust for the purpose of providing financial resources to eventually meet the postsecondary education costs of beneficiaries. This bill would require the Scholarshare Investment Board to consider entering into an agreement with a card issuer, as defined, to require the granting, based on accumulated credit card use, of a reasonable award, or points leading to an award, that would be deposited into Scholarshare trust accounts, as specified. The bill would require the board to report its decision, and the rationale for that decision, at a regularly scheduled public meeting of the board on or before June 30, 2016. The bill would also require the board to report this decision, in writing, to the chairpersons of the education policy committees of the Senate and the Assembly.
Returned to Secretary of Senate pursuant to Joint Rule 56.
May 28 hearing: Held in committee and under submission.
Set for hearing May 28.
May 11 hearing: Placed on APPR. suspense file.
Set for hearing May 11.
Read second time and amended. Re-referred to Com. on APPR.
From committee: Do pass as amended and re-refer to Com. on APPR. (Ayes 8. Noes 0. Page 523.) (April 8).
Set for hearing April 8.
Read first time.
From printer. May be acted upon on or after April 1.
Introduced. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB791 | HTML |
| 02/27/15 - Introduced | |
| 04/20/15 - Amended Senate |
| Document | Format |
|---|---|
| No related documents. |
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