Adrin Nazarian
- Democratic
Author
Existing law establishes the California Kids Investment and Development Savings (KIDS) Program, under the administration of the Scholarshare Investment Board, for the purposes of expanding access to higher education through savings. Existing law establishes the California Kids Investment and Development Savings Program Fund in the State Treasury to serve as the initial repository of all moneys received from state and private sources for the KIDS Program, and continuously appropriates moneys in the fund to the board for the KIDS Program. Existing law, upon appropriation by the Legislature, requires the board to establish one or more Scholarshare 529 accounts and make a seed deposit of moneys from the fund into a Scholarshare 529 account established under the KIDS Program in an amount of at least $25, as determined by the board. Specifically, those moneys are deposited in KIDS Accounts, one designated for each California resident child born on or after July 1, 2022. Existing law requires the board to provide awards from these KIDS Accounts, as specified, for each recipient child's qualified higher education expenses at an eligible institution of higher education. This bill, commencing with the 2024–25 fiscal year, and upon appropriation by the Legislature, would increase the amount of seed deposits in KIDS Accounts to at least $100.
Vetoed by Governor.
Enrolled and presented to the Governor at 4 p.m.
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 75. Noes 0.).
Assembly Rule 77(a) suspended.
Read third time. Passed. Ordered to the Assembly. (Ayes 38. Noes 0. Page 5104.).
In Assembly. Concurrence in Senate amendments pending. May be considered on or after August 26 pursuant to Assembly Rule 77.
Read second time. Ordered to third reading.
From committee: Amend, and do pass as amended. (Ayes 5. Noes 1.) (August 11).
Read second time and amended. Ordered returned to second reading.
From committee: Do pass and re-refer to Com. on APPR. (Ayes 6. Noes 0.) (June 30). Re-referred to Com. on APPR.
Withdrawn from committee.
From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on HUMAN S.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 76. Noes 0. Page 4995.)
Read second time. Ordered to third reading.
From committee: Amend, and do pass as amended. (Ayes 16. Noes 0.) (May 19).
Read second time and amended. Ordered returned to second reading.
In committee: Set, first hearing. Referred to suspense file.
From committee: Do pass and re-refer to Com. on APPR. with recommendation: To Consent Calendar. (Ayes 7. Noes 0.) (March 29). Re-referred to Com. on APPR.
From committee chair, with author's amendments: Amend, and re-refer to Com. on AGING & L.T.C. Read second time and amended.
From printer. May be heard in committee March 20.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB2548 | HTML |
| 02/17/22 - Introduced | |
| 03/24/22 - Amended Assembly | |
| 05/19/22 - Amended Assembly | |
| 06/13/22 - Amended Senate | |
| 08/11/22 - Amended Senate | |
| 08/29/22 - Enrolled |
| Document | Format |
|---|---|
| 03/28/22- Assembly Aging and Long-Term Care | |
| 04/25/22- Assembly Appropriations | |
| 05/19/22- Assembly Aging and Long-Term Care | |
| 05/24/22- ASSEMBLY FLOOR ANALYSIS | |
| 06/27/22- Senate Education | |
| 07/29/22- Senate Appropriations | |
| 08/11/22- Senate Appropriations | |
| 08/15/22- Sen. Floor Analyses | |
| 08/30/22- ASSEMBLY FLOOR ANALYSIS | |
| 09/19/22- ASSEMBLY FLOOR ANALYSIS |
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