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Bill > HB1027
AR HB1027
To Create The Brighter Start Act Of 2025; And To Require The Treasurer Of State To Make A One-time Contribution To Each Existing And Future Arkansas Brighter Future Fund Plan Account.
summary
Introduced
11/20/2024
11/20/2024
In Committee
01/13/2025
01/13/2025
Crossed Over
Passed
Dead
05/05/2025
05/05/2025
Introduced Session
Potential new amendment
95th General Assembly (2025 Regular)
Bill Summary
AN ACT TO CREATE THE BRIGHTER START ACT OF 2025; TO REQUIRE THE TREASURER OF STATE TO MAKE A ONE-TIME CONTRIBUTION TO EACH EXISTING AND FUTURE ARKANSAS BRIGHTER FUTURE FUND PLAN ACCOUNT; AND FOR OTHER PURPOSES.
AI Summary
This bill creates the Brighter Start Act of 2025, which requires the Treasurer of State to make a one-time contribution of $100 to each existing and future Arkansas Brighter Future Fund Plan Account. Specifically, the Treasurer will transfer $100 from the General Revenue Fund Account of the State Apportionment Fund to every account with a designated beneficiary, both for accounts that already exist and for those that will be established in the future. The Treasurer is responsible for administering these fund disbursements and verifying the eligibility of each account receiving the contribution. This appears to be a state-level initiative designed to provide a small financial boost to education or savings accounts for individuals, potentially helping families save for future educational expenses.
Committee Categories
Education
Sponsors (3)
Last Action
Died in House Committee at Sine Die adjournment. (on 05/05/2025)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.arkleg.state.ar.us/Bills/Detail?id=hb1027&ddBienniumSession=2025%2F2025R |
| House Amendment H1 | https://arkleg.state.ar.us/Home/FTPDocument?path=%2FAMEND%2F2025R%2FPublic%2FHB1027-H1.pdf |
| BillText | https://www.arkleg.state.ar.us/Home/FTPDocument?path=%2FBills%2F2025R%2FPublic%2FHB1027.pdf |
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