Bill Text | History of Actions | Amendments | Background | Title |
Description: Mississippi Affordable College Savings Program; establish.
Bill Text: [Introduced] [Committee Substitute] [Passed Senate] [Sent to Governor]
| 1 | 01/14/00 | (S) | Referred To Universities and Colleges;Appropriations | |
| 2 | 02/28/00 | (S) | DR - TSDPCS: UC To AP | |
| 3 | 02/29/00 | (S) | Title Suff Do Pass Comm Sub | |
| 4 | 03/08/00 | (S) | Committee Substitute Adopted | |
| 5 | 03/08/00 | (S) | Passed | |
| 6 | 03/10/00 | (S) | Transmitted To House | |
| 7 | 03/13/00 | (H) | Referred To Universities and Colleges;Ways and Means | |
| 8 | 03/29/00 | (H) | DR - TSDPAA: UC To WM | |
| 9 | 03/30/00 | (H) | DR - TSDPAA: WM To UC | |
| 10 | 03/30/00 | (H) | Title Suff Do Pass As Amended | |
| 11 | 04/05/00 | (H) | Amended | |
| 12 | 04/05/00 | (H) | Passed As Amended | |
| 13 | 04/07/00 | (H) | Returned For Concurrence | |
| 14 | 04/13/00 | (S) | Concurred in Amend From House | |
| 15 | 04/18/00 | (S) | Enrolled Bill Signed | |
| 16 | 04/19/00 | (H) | Enrolled Bill Signed | |
| 17 | 04/25/00 | Approved by Governor |
| Adopted | [H] | Amendment No 1 |
| Effective date | January 1, 2000 | |
| Disposition | Law | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| 3/5ths vote required | Yes | |
| Chapter number | 473 |
Senate Committees:
House Committees:
Principal Author: Hewes
Additional Authors: Browning, Burton, Canon, Carmichael, Chamberlin, Chaney, Farris, Frazier, Gordon, Hamilton, Harden, Horhn, Hyde-Smith, Jackson, Johnson (38th), King, Lee, Little, Simmons, Smith, Thames, Walls, Williamson
Code Sections: A 037-0155-0005, A 037-0155-0009, A 027-0007-0015, A 027-0007-0017, A 027-0007-0018, A 075-0071-0113, A 075-0071-0401
Title: AN ACT TO CREATE THE MISSISSIPPI AFFORDABLE COLLEGE SAVINGS (MACS) PROGRAM; TO DEFINE CERTAIN TERMS AND PHRASES RELATING TO THE MACS PROGRAM; TO PRESCRIBE THE POWERS OF THE BOARD OF DIRECTORS OF THE COLLEGE SAVINGS PLANS OF MISSISSIPPI TRUST FUNDS RELATING TO THE ADMINISTRATION OF THE MACS PROGRAM; TO PRESCRIBE CERTAIN TERMS OF SAVINGS TRUST AGREEMENTS ENTERED INTO UNDER THE PROGRAM; TO ESTABLISH THE MISSISSIPPI AFFORDABLE COLLEGE SAVINGS (MACS) TRUST FUND; TO EXEMPT PROPERTY IN THE TRUST FUND FROM TAXATION AND TO ESTABLISH DEDUCTIONS FOR PAYMENTS TO MACS ACCOUNTS; TO PRESCRIBE THE AUTHORITY OF THE BOARD OF DIRECTORS TO INVEST FUNDS IN THE TRUST FUND; TO REQUIRE THE BOARD TO PROVIDE ANNUAL ACCOUNTING STATEMENTS; TO AMEND SECTION 37-155-5, MISSISSIPPI CODE OF 1972, TO CHANGE THE NAME OF THE BOARD OF DIRECTORS OF THE MISSISSIPPI PREPAID AFFORDABLE COLLEGE TUITION PROGRAM TRUST FUND TO THE "BOARD OF DIRECTORS OF THE COLLEGE SAVINGS PLANS OF MISSISSIPPI TRUST FUNDS"; TO AMEND SECTION 37-155-9, MISSISSIPPI CODE OF 1972, IN CONFORMITY THERETO AND TO EXPAND THE BOARD'S INVESTMENT AUTHORITY; TO AMEND SECTION 27-7-15, MISSISSIPPI CODE OF 1972, TO EXCLUDE PAYMENTS TO A MACS ACCOUNT FROM THE DEFINITION OF GROSS INCOME FOR INCOME TAX PURPOSES; TO AMEND SECTIONS 27-7-17, 27-7-18, 75-71-113 AND 75-71-401, MISSISSIPPI CODE OF 1972, IN CONFORMITY TO THE PROVISIONS OF THIS ACT; AND FOR RELATED PURPOSES.
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