The bill, General Assembly Substitute Bill No. 5343, proposes a study on the feasibility of establishing a prepaid college tuition program in the state. The bill mandates that the Treasurer conduct this study and report the findings to the joint standing committee of the General Assembly that oversees banking matters by January 1, 2025. The bill is effective upon passage and introduces a new section to the state's statutes.
The bill includes insertions that specify the bill number as Substitute Bill No. 5343 and indicate that Section 1, which pertains to the study of the prepaid college tuition program, will be a new section effective from the date of passage. There are no deletions mentioned in the provided text of the bill.
Statutes affected: Raised Bill: 3-22f, 3-22g, 3-22h, 3-22i, 3-22m, 3-22n