Bill > SB226

This bill modifies the College Kickstarter Account Program, which provides an initial contribution of money for every child born or adopted in Colorado that can be claimed and transferred to a college savings account. Key changes include: - Expanding the definition of "account sponsor" to include not just parents, but any individual who provides the birth certificate number or adoption order for an eligible child. - Defining the "base amount" as $100, with annual adjustments for inflation starting in 2021. - Specifying that kickstarter funding can only be claimed once per birth certificate or adoption order. - Revising the composition and requirements of the advisory board that oversees the program. - Requiring the program to conduct an ongoing evaluation and report annually on its effectiveness, including details on usage, outreach, and financial projections. - Allowing the State Treasurer to seek private partnerships to develop a free financial literacy education program for eligible children and their account sponsors.

Budget and Finance

https://leg.colorado.gov/bills/sb24-226