Relating to post-secondary education expenses; declaring an emergency.
Summary
Directs State Registrar of Center for Health Statistics to send to State Treasurer each calendar quarter names of children born in Oregon to residents of this state. Establishes Oregon Bright Futures Savings Fund for payment of qualified post-secondary education expenses for designated beneficiaries. Directs State Treasurer to create cohort account for all children born each calendar quarter and earmark moneys for each child. Allows use of earmarked moneys for payment of qualified post-secondary education expenses. Allows certain contributions to fund. Specifies purposes for which moneys may be used. Allows linkage to private financial accounts through financial aggregation software. Directs State Treasurer to report to Legislative Assembly in 2018 and 2019 on implementation of Act. Declares emergency, effective on passage.
Bill status
in committee
1 of 4 stages cleared
Introduction
Mar 2017
Committee Review
Floor Vote
Governor
Introduced Mar 6, 2017
Last action Jul 7, 2017
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
1
Committee
2
Jul 7, 2017
Legislature · Passed
In committee upon adjournment.
legislature
Mar 13, 2017
Committee
Referred to Early Childhood and Family Supports with subsequent referral to Ways and Means.
legislature
Mar 6, 2017
Introduced
First reading. Referred to Speaker's desk.
legislature
4 primary · 2 co-sponsors
Sponsors
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