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Bill > A1212
NJ A1212
NJ A1212Modifies matching grant criteria for New Jersey Better Educational Savings Trust accounts.
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill modifies the matching grant program for New Jersey Better Educational Savings Trust (NJBEST) accounts to provide that certain account holders are eligible for a dollar-for-dollar matching grant of all initial deposits to the account up to $750. Under current law, certain account holders are only eligible for a dollar-for-dollar matching grant of the initial deposit up to $750.
AI Summary
This bill modifies the New Jersey Better Educational Savings Trust (NJBEST) program to expand eligibility for matching grants for account holders with a gross income of $75,000 or less. Previously, these account holders were only eligible for a one-time grant that matched their initial deposit up to $750. Now, the bill allows for one or more grants that will match all initial deposits made to the account, still capped at a total of $750, making it easier for more individuals to benefit from the program designed to encourage savings for educational expenses.
Committee Categories
Education
Sponsors (1)
Last Action
Introduced, Referred to Assembly Higher Education Committee (on 01/13/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/A1212 |
| BillText | https://pub.njleg.gov/Bills/2026/A1500/1212_I1.HTM |
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