Arizona Fifty-fifth Legislature - Second Regular Session Status: In Committee

SB 1589 — AZ529; baby scholars fund; appropriations

Last action — Senate Second Reading

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  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with Fifty-fifth Legislature - Second Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Bill Text

How this bill changes current law

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This bill establishes the AZ529 Baby Scholars Program and related fund, appropriating $1,250,000 annually for its administration.

  • Title 15, chapter 14, article 7, Arizona Revised Statutes

    15-1880. AZ529, Arizona's education savings plan baby scholars program; fund; appropriations; exemption A. AZ529, ARIZONA'S EDUCATION SAVINGS PLAN BABY SCHOLARS PROGRAM IS ESTABLISHED. THE TREASURER SHALL ADMINISTER THE PROGRAM. B. AZ529, ARIZONA'S EDUCATION SAVINGS PLAN BABY SCHOLARS FUND IS ESTABLISHED CONSISTING OF LEGISLATIVE APPROPRIATIONS AND ANY OTHER MONIES. THE TREASURER SHALL ADMINISTER THE FUND. MONIES IN THE FUND ARE CONTINUOUSLY APPROPRIATED. THE TREASURER MAY ACCEPT AND SPEND FEDERAL MONIES AND PRIVATE GRANTS, GIFTS, CONTRIBUTIONS AND DEVISES TO ASSIST IN CARRYING OUT THE PURPOSES OF THIS SECTION. MONIES IN THE FUND SHALL BE USED FOR THE PURPOSES OF ADMINISTERING THE PROGRAM ESTABLISHED BY THIS SECTION. THE TREASURER MAY RETAIN UP TO TEN PERCENT OF THE FUND MONIES FOR THE PURPOSES OF ADMINISTERING THE PROGRAM ESTABLISHED BY THIS SECTION. C. THE TREASURER SHALL DEPOSIT $25 IN THE ACCOUNT OF A DESIGNATED BENEFICIARY FROM THE FUND ESTABLISHED BY SUBSECTION B OF THIS SECTION IF ALL OF THE FOLLOWING REQUIREMENTS ARE SATISFIED: 1. AN ACCOUNT OWNER ESTABLISHES AN ACCOUNT ON BEHALF OF A DESIGNATED BENEFICIARY WITHIN ONE YEAR AFTER THE BIRTH OR DATE OF LEGAL ADOPTION OF THE DESIGNATED BENEFICIARY. 2. THE DESIGNATED BENEFICIARY IS BORN OR LEGALLY ADOPTED ON OR AFTER JANUARY 1, 2023. 3. THE DESIGNATED BENEFICIARY IS A RESIDENT OF THIS STATE AT THE TIME THE TREASURER DEPOSITS THE $25 IN THE ACCOUNT OF THE DESIGNATED BENEFICIARY AS PRESCRIBED IN THIS SUBSECTION. 4. THE ACCOUNT OWNER SATISFIES THE PROGRAM INCOME ELIGIBILITY REQUIREMENTS ESTABLISHED BY THE TREASURER PURSUANT TO THIS PARAGRAPH. THE TREASURER SHALL ESTABLISH INCOME ELIGIBILITY REQUIREMENTS FOR PARTICIPATION IN THE PROGRAM ESTABLISHED BY THIS SECTION USING THE FEDERAL FREE AND REDUCED-PRICE LUNCH PROGRAM INCOME ELIGIBILITY REQUIREMENTS. D. THE TREASURER MAY ENTER INTO CONTRACTUAL AGREEMENTS TO FULFILL THE PURPOSES OF THIS SECTION IF THE CONTRACTUAL AGREEMENT REQUIRES ALL PARTIES TO COMPLY WITH THIS SECTION. E. THE TREASURER SHALL CONDUCT OUTREACH AND MARKETING EFFORTS TO INCREASE AWARENESS OF AND PARTICIPATION IN THE PROGRAM ESTABLISHED BY THIS SECTION. F. NOTWITHSTANDING ANY OTHER LAW, MONIES PROVIDED UNDER SUBSECTION C OF THIS SECTION DO NOT DISQUALIFY A PERSON FROM ANY PUBLIC BENEFIT. G. THE SUM OF $1,250,000 IS APPROPRIATED FROM THE STATE GENERAL FUND IN FISCAL YEAR 2022-2023 AND EACH FISCAL YEAR THEREAFTER TO THE AZ529, ARIZONA'S EDUCATION SAVINGS PLAN BABY SCHOLARS FUND ESTABLISHED BY THIS SECTION. THE APPROPRIATIONS MADE IN THIS SUBSECTION ARE EXEMPT FROM THE PROVISIONS OF SECTION 35-190 RELATING TO LAPSING OF APPROPRIATIONS.

    This section establishes the Baby Scholars Program and allocates funds for its operation.

Action History

  1. Senate Second Reading

  2. Senate First Reading

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 92 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (92)

92 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance education
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Frequently asked questions

Who sponsors SB 1589?
SB 1589 is sponsored by Martin Quezada.
What is the current status of SB 1589?
This bill died with Fifty-fifth Legislature - Second Regular Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 1589?
Track SB 1589 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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