Student financial aid: Golden State Scholarshare Trust Act.
Summary
Under the Golden State Scholarshare Trust Act, the Scholarshare Investment Board administers the Golden State Scholarshare College Savings Trust, also known as the Scholarshare Trust, which provides financial aid for postsecondary education costs of participating students, as specified. Existing law authorizes the Scholarshare trust to enter into participation agreements with participants on behalf of beneficiaries pursuant to specified terms and agreements. Existing law also authorizes the Scholarshare trust to make payments to institutions of higher education pursuant to participation agreements on behalf of beneficiaries. This bill would authorize the Scholarshare trust to make payments to other third parties, in addition to institutions of higher education, pursuant to participation agreements on behalf of beneficiaries. The bill would also make conforming changes.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2019
Committee Review
Jun 2019
Assembly Passage
Apr 2019
Senate Passage
Jun 2019
Signed into Law
Jun 2019
Introduced Feb 20, 2019
Signed Jun 26, 2019
Floor votes · Senate Jun 17, 2019 · Assembly Apr 8, 2019
How they voted
34–0
Passed
Total votes 34
Jun 17, 2019
D
Democratic26
100% Yea
R
Republican8
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
17
Key actions
7
Committee
7
Jun 26, 2019
Signed into law
Approved by the Governor.
legislature
Jun 18, 2019
Lower · Passed
In Assembly. Ordered to Engrossing and Enrolling.
lower
Jun 17, 2019
Upper · Passed
Read third time. Passed. Ordered to the Assembly. (Ayes 40. Noes 0. Page 1607.).
upper
Jun 5, 2019
Upper · Passed
From committee: Do pass. To Consent Calendar. (Ayes 7. Noes 0.) (June 5).
upper
Apr 24, 2019
Committee
Referred to Com. on ED.
upper
Apr 8, 2019
Lower · Passed
Read third time. Passed. Ordered to the Senate. (Ayes 74. Noes 0. Page 1077.)
lower
Apr 3, 2019
Lower · Passed
From committee: Do pass. (Ayes 12. Noes 0.) (April 2).
lower
Mar 21, 2019
Committee
Re-referred to Com. on HIGHER ED.
lower
Mar 4, 2019
Committee
Referred to Com. on HIGHER ED.
lower
Feb 21, 2019
Lower · Passed
From printer. May be heard in committee March 23.
lower
1 primary · 1 co-sponsor
Sponsors
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