Authorizing the State Treasurer to coordinate SMART529 program with federal Trump accounts
H To House Finance
Summary
The legislation authorizes the state treasurer to coordinate the SMART529 education‑savings program with the federal Trump Accounts and to give account holders information on allowed uses, transfers, or rollovers. It does not create a new power to move money between the two programs unless federal law specifically permits it, and it sets a definition for which children may benefit. The goal is to give families more options for saving for college.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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