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AZ SB1454
Bill
Status
3/25/2024
Primary Sponsor
Ken Bennett
Click for details
AI Summary
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Amends section 41-179 of the Arizona Revised Statutes to modify the AZ529 (Arizona's education savings plan) advisory committee membership structure.
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Allows all committee members except the state treasurer/chairperson to designate representatives to serve in their place, rather than requiring personal attendance.
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Adds requirement that among three public members, at least one must represent a 501(c)(3) nonprofit organization based in Arizona and at least one must have financial planning experience.
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Adds one member representing a U.S. Department of Labor-approved apprenticeship program to the committee composition.
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Grandfathers existing committee members to continue serving until their normal terms expire, with all future appointments following the new statutory requirements.
Legislative Description
AZ529 savings plan; committee; membership
Duties
Last Action
Chapter 15
3/25/2024