2025-2026 Regular SessionGeorgia Legislature

HB284: Minors; creation of the Georgia Baby Bond Savings Plan

Legislative Summary

A BILL to be entitled an Act to amend Title 39 of the Official Code of Georgia Annotated, relating to minors, so as to provide for the creation of the Georgia Baby Bond Savings Plan; to provide for the administration of such plan; to provide for a board of directors; to authorize the board of directors to invest plan funds; to provide for the creation of a fund in the state treasury; to provide the authority for establishing a comprehensive investment plan; to provide for furnishing annual financial statements to savings trust account owners; to provide for eligibility requirements for the plan; to authorize the General Assembly to contribute to the plan; to provide for minimum contributions by the General Assembly to the plan; to provide for definitions; to provide for related matters; to repeal conflicting laws; and for other purposes.

Demographic Impact

Overall analysis of equity impact

95% Positive
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Bill History

2/5/2025
House Hopper
House of Representatives
2/6/2025
House First Readers
House of Representatives
2/10/2025
House Second Readers
House of Representatives

Status Information

Current Status
Introduced(2/5/2025)
Chamber
House of Representatives
Committee
Appropriations(House of Representatives)

Documents

Introduced
Bill Text2/6/2025119.6 KB