Bill Text: CA AB34 | 2017-2018 | Regular Session | Introduced

California Assembly Bill 34 (Prior Session Legislation)

NOTE: There are more recent revisions of this legislation. Read Latest Draft

Bill Title: Student financial aid: Children’s Savings Account Program.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Failed) 2018-02-01 - From committee: Filed with the Chief Clerk pursuant to Joint Rule 56. [AB34 Detail]

Download: California-2017-AB34-Introduced.html

CALIFORNIA LEGISLATURE— 2017–2018 REGULAR SESSION

Assembly Bill

No. 34

Introduced by Assembly Member Nazarian

December 05, 2016

An act relating to student financial aid.

LEGISLATIVE COUNSEL'S DIGEST

AB 34, as introduced, Nazarian. Student financial aid: Children’s savings account program.

Under existing law, the segments of postsecondary education in this state are the University of California, the California State University, the California Community Colleges, independent institutions of higher education, and private postsecondary educational institutions.

This bill would express the intent of the Legislature to enact legislation that would establish a universal, at-birth, and statewide 529 children’s savings account program to ensure California’s children and families foster a college-bound identity and practice education-related financial planning.

Vote: MAJORITY Appropriation: NO Fiscal Committee: NO Local Program: NO

The people of the State of California do enact as follows:

SECTION 1.

It is the intent of the Legislature to enact legislation that would establish a universal, at-birth, and statewide 529 children’s savings account program to ensure California’s children and families foster a college-bound identity and practice education-related financial planning.