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 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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