HB122: Georgia Achieving A Better Life Experience (ABLE); governance of program by board of directors of Georgia Higher Education Savings Plan; provide

Legislative Summary

A BILL to be entitled an Act to amend Article 11 of Chapter 3 of Title 20 and Chapter 9 of Title 30 of the O.C.G.A., relating to the higher education savings plan and Georgia Achieving A Better Life Experience (ABLE), respectively, so as to provide for the governance of the Georgia ABLE program by the board of directors of the Georgia Higher Education Savings Plan; to revise the composition and chairperson of the board of directors of the Georgia Higher Education Savings Plan; to remove the maximum amount of contributions currently allowed per beneficiary; to authorize the board to establish such maximum amount; to provide for the transfer of rights and obligations; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.