Bill Text | History of Actions | Background | Title |
Description: College savings plans; clarify that payments cover entire tuition each semester.
Bill Text: [Introduced]
| 1 | 01/10 (H) Referred To Universities and Colleges;Appropriations | |
| 2 | 01/30 (H) Died In Committee |
| Effective date | July 1, 2007 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Three/Fifths |
House Committees:
Principal Author: Guice
Code Sections: A 037-0155-0005, A 037-0155-0105, A 037-0155-0011, A 037-0155-0021
Title: AN ACT TO AMEND SECTIONS 37-155-5 AND 37-155-107, MISSISSIPPI CODE OF 1972, TO REVISE THE DEFINITION OF THE TERM "TUITION" AS USED IN RELATION TO THE MISSISSIPPI PREPAID AFFORDABLE COLLEGE TUITION (MPACT) PROGRAM AND THE MISSISSIPPI AFFORDABLE COLLEGE SAVINGS (MACS) PROGRAM; TO AMEND SECTION 37-155-11, MISSISSIPPI CODE OF 1972, TO CLARIFY THAT PLANS FOR WHICH PREPAID TUITION CONTRACTS ARE AVAILABLE UNDER THE MPACT PROGRAM ARE BASED ON THE NUMBER OF CREDIT HOURS REQUIRED FOR A CERTIFICATE OR DEGREE RATHER THAN THE TYPICAL FULL-TIME HOURLY COURSE LOAD RECOGNIZED BY THE INSTITUTION FOR TUITION PAYMENT PURPOSES, AND TO CLARIFY THAT A BENEFICIARY'S ENTIRE TUITION FOR A QUARTER, SEMESTER OR TERM WILL BE PAID UNDER THE PLAN REGARDLESS OF THE NUMBER OF CREDIT HOURS TAKEN BY THE BENEFICIARY; TO AMEND SECTION 37-155-21, MISSISSIPPI CODE OF 1972, TO REQUIRE THE BOARD OF DIRECTORS OF THE COLLEGE SAVINGS PLANS OF MISSISSIPPI TRUST FUNDS TO INCLUDE THE NUMBER OF CREDIT HOURS ORIGINALLY COVERED AND THE NUMBER REMAINING IN ITS ANNUAL STATEMENT TO SAVINGS PLAN PURCHASERS; AND FOR RELATED PURPOSES.
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