Relating to post-secondary education expenses; declaring an emergency.
Catchline/Summary:
Directs State Registrar of Center for Health Statistics to send to State Treasurer each calendar quarter names of children born in Oregon to residents of this state. Directs State Registrar of Center for Health Statistics to send to State Treasurer each calendar quarter names of children born in Oregon to residents of this state.
Establishes Oregon Bright Futures Savings Fund for payment of qualified post-secondary education expenses for designated beneficiaries. Directs State Treasurer to create cohort account for all children born each calendar quarter and earmark moneys for each child.
Allows use of earmarked moneys for payment of qualified post-secondary education expenses. Allows certain contributions to fund. Specifies purposes for which moneys may be used. Allows linkage to private financial accounts through financial aggregation software.
Directs State Treasurer to report to Legislative Assembly in 2018 and 2019 on implementation of Act.
Declares emergency, effective on passage.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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HB 3367 House Committee On Early Childhood and Family Supports
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