House Amendment 1465


PAG LIN




     1  1    Amend Senate File 384, as amended, passed, and
     1  2 reprinted by the Senate, as follows:
     1  3 #1.  Page 2, line 13, by striking the words <A
     1  4 substitute beneficiary> and inserting the following:
     1  5 <A substitute beneficiary>.
     1  6 #2.  Page 2, by striking lines 15 and 16 and
     1  7 inserting the following:  <beneficiary is not older
     1  8 than the original beneficiary.>
     1  9 #3.  Page 3, line 6, by inserting after the word
     1 10 <education.> the following:  <Payments may be made to
     1 11 the institution, participant, or beneficiary.>
     1 12 #4.  Page 3, line 14, by striking the word and
     1 13 figure <and 2> and inserting the following:  <, 2, and
     1 14 3>.
     1 15 #5.  Page 3, line 17, by striking the words <up to
     1 16 the date of> and inserting the following:  <up to the
     1 17 date of>.
     1 18 #6.  Page 3, by striking line 19 and inserting the
     1 19 following:  <the beneficiary until the participant
     1 20 cancels or transfers the account.>
     1 21 #7.  Page 3, by inserting after line 29 the
     1 22 following:
     1 23    <3.  If the beneficiary graduates from an
     1 24 institution of higher education, and a balance remains
     1 25 in the participant's account, the treasurer of state
     1 26 shall pay the balance to the participant.>
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     1 29                               
     1 30 COMMITTEE ON WAYS AND MEANS
     1 31 VAN FOSSEN of Scott, CHAIRPERSON
     1 32 SF 384.504 80
     1 33 mg/pj
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