Colorado 2024 Regular Session Status: Enacted 2 D cosponsors

SB 24-226 — Modifications to College Kickstarter Account Program

Last action — Governor Signed

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

This bill has been enacted into law. Introduced April 26, 2024. Enacted.

Signed by Governor Jared Polis (Democratic) on May 31, 2024.

Prognosis

Likely to advance 78% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 4 sponsors

    4 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (2 D).

  • Cleared a recorded vote

    Passed 2 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

The act modifies the college kickstarter account program (program). The act expands who may open an account and be an account sponsor on or after January 1, 2025, to include, in addition to a parent or parents of an eligible child, any other individual who provides the birth certificate number or order of adoption for an eligible child in accordance with the requirements of the program to open an account. Further, the act clarifies that on or after January 1, 2025, the amount of kickstarter funding that can be claimed is the base amount as adjusted for inflation in the year claimed plus, if the kickstarter funding is claimed in a year after the child's birth year, interest that has accrued on the base amount from the birth year to the claim year. The act also expands the membership of the program advisory board, requires the advisory board to meet at least on a quarterly basis each year, and modifies reporting requirements for the program. The act expands the period during which an account sponsor may claim kickstarter funding from 5 to 8 years from the date of the eligible child's birth or adoption and clarifies that an account is an "individual college savings account", which is any collegeinvest account. APPROVED by Governor May 31, 2024 PORTIONS EFFECTIVE May 31, 2024 PORTIONS EFFECTIVE January 1, 2025(Note: This summary applies to this bill as enacted.)

Bill Text

What changed in the latest version

23 added · 18 removed

Plain-language change summary

The bill modifies the college kickstarter account program by updating the language regarding who can open an account and the requirements for account sponsors. Specifically, it clarifies that a parent can be an account sponsor and outlines that they must provide the birth certificate number or order of adoption for an eligible child. This change matters because it aims to streamline the process for parents to establish these accounts for their children.

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Latest
Second Regular Session Seventy-fourth General Assembly STATE OF COLORADO ENGROSSED This Version Includes All Amendments Adopted on Second Reading in the House of Introduction LLS NO.
Second Regular Session Seventy-fourth General Assembly STATE OF COLORADO REENGROSSED This Version Includes All Amendments Adopted in the House of Introduction LLS NO.
24-0532.01 Megan McCall x4215 SENATE BILL 24-226 SENATE SPONSORSHIP Fenberg and Marchman, HOUSE SPONSORSHIP Herod and Brown, Senate Committees House Committees Finance Appropriations A BILL FOR AN ACT C ONCERNING MODIFICATIONS TO THE COLLEGE KICKSTARTER ACCOUNT PROGRAM .
24-0532.01 Megan McCall x4215 SENATE BILL 24-226 SENATE SPONSORSHIP Fenberg and Marchman, Bridges, Buckner, Cutter, Exum, Jaquez Lewis, Michaelson Jenet, Priola HOUSE SPONSORSHIP Herod and Brown, Senate Committees House Committees Finance Appropriations A BILL FOR AN ACT C ONCERNING MODIFICATIONS TO THE COLLEGE KICKSTARTER ACCOUNT PROGRAM .
This summary applies to this bill as introduced and does notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill passes third reading in the house of introduction, a bill summary that applies to the reengrossed version of this bill will be available at http://leg.colorado.gov.) The bill modifies the college kickstarter account program (program).
This summary applies to this bill as introduced and does notreflectanyamendmentsthatmaybesubsequentlyadopted.Ifthisbill e n passes third reading in the house of introduction, a bill summary that m 4 applies to the reengrossed version of this bill will be available at T n 0 A U , http://leg.colorado.gov.) E i y S a a The bill modifies the college kickstarter account program R M r (program).
Under current law, an account may be opened by a parent or parents of an eligible child.
Under current law, an account may be opened by a parent or 3 parents of an eligible child.
The bill expands who may open an account and be an account sponsor, requiring that an account sponsor must g provide the birth certificate number or order of adoption for an eligible d child in accordance with the requirements of the program to open an e 4 T R 0 A 2 2 Shading denotes HOUSE amendment.
The bill expands who may open an account and be an account sponsor, requiring that an account sponsor must g provide the birth certificate number or order of adoption for an eligible i a child in accordance with the requirements of the program to open an E R 2 A n 2 N 2 2 Shading denotes HOUSE amendment.
E d y Capital letters or bold & italic numbers indicate new material to be added to existing law.
S e a Capital letters or bold & italic numbers indicate new material to be added to existing law.n M Dashes through the words or numbers indicate deletions from existing law.
Dashes through the words or numbers indicate deletions from existing law.
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Amendments

1 amendment

Click Show changes on an amendment above to see how it modifies the bill.

Action History

  1. Governor Signed

  2. Signed by the President of the Senate

  3. Signed by the Speaker of the House

  4. Sent to the Governor

  5. House Third Reading Passed - No Amendments

  6. House Second Reading Special Order - Passed - No Amendments

  7. House Committee on Appropriations Refer Unamended to House Committee of the Whole

  8. House Committee on Finance Refer Unamended to Appropriations

  9. Senate Third Reading Passed - No Amendments

  10. Introduced In House - Assigned to Finance

  11. Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole

  12. Senate Second Reading Special Order - Passed with Amendments - Committee, Floor

  13. Senate Committee on Finance Refer Amended to Appropriations

  14. Introduced In Senate - Assigned to Finance

Sponsors

Sponsorship breakdown

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4 sponsors · 0 co-sponsors · 98 not signed on · 10 voted No

Sponsors (4)

Co-sponsors (0)

None.

Not signed on (98)

98 members have not signed on to this bill.

Show all 98 →

"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

Votes

BILL

Passed 48 Yea · 14 Nay · 3 Other
Party YeaNayPresentNot Voting
Democrat 34001
Unaffiliated 11402
Republican 31000
Total 481403
% of votes cast 74%22%0%5%
How each member voted (65)
Member Party Vote
Armagost — Nay
Bird — Yea
Bockenfeld — Not Voting
Epps — Yea
Evans — Nay
Hernandez — Yea
Herod — Yea
Holtorf — Not Voting
Lynch — Nay
Marvin — Yea
McLachlan — Yea
Ortiz — Yea
Parenti — Yea
Pugliese — Nay
Vigil — Yea
Young — Yea
deGruy Kennedy — Yea
Alex Valdez Democrat Yea
Andrew Boesenecker Democrat Yea
Bob Marshall Democrat Yea
Brianna Titone Democrat Yea
Cathy Kipp Democrat Yea
Chad Clifford Democrat Yea
Eliza Hamrick Democrat Yea
Elizabeth Velasco Democrat Yea
Emily Sirota Democrat Yea
Iman Jodeh Democrat Yea
Javier Mabrey Democrat Yea
Jennifer Bacon Democrat Yea
Jenny Willford Democrat Yea
Judy Amabile Democrat Yea
Julie McCluskie Democrat Yea
Junie Joseph Democrat Yea
Karen McCormick Democrat Yea
Kyle Brown Democrat Yea
Lindsey Daugherty Democrat Yea
Lorena Garcia Democrat Yea
Mandy Lindsay Democrat Yea
Manny Rutinel Democrat Yea
Marc Snyder Democrat Yea
Matthew Martinez Democrat Yea
Meg Froelich Democrat Not Voting
Meghan Lukens Democrat Yea
Mike Weissman Democrat Yea
Monica Duran Democrat Yea
Naquetta Ricks Democrat Yea
Regina English Democrat Yea
Sheila Lieder Democrat Yea
Steven Woodrow Democrat Yea
Tammy Story Democrat Yea
Tisha Mauro Democrat Yea
William Lindstedt Democrat Yea
Anthony Hartsook Republican Nay
Brandi Bradley Republican Nay
Ken DeGraaf Republican Nay
Lisa Frizell Republican Nay
Lynda Zamora Wilson Republican Nay
Marc Catlin Republican Nay
Mary Bradfield Republican Yea
Matt Soper Republican Yea
Rick Taggart Republican Yea
Ron Weinberg Republican Nay
Scott Bottoms Republican Nay
Stephanie Luck Republican Nay
Ty Winter Republican Nay

BILL

Passed 34 Yea · 0 Nay · 1 Other
Party YeaNayPresentNot Voting
Republican 7000
Democrat 13001
Unaffiliated 14000
Total 34001
% of votes cast 97%0%0%3%
How each member voted (35)
Member Party Vote
Buckner — Yea
Fields — Yea
Gardner — Yea
Ginal — Yea
Hansen — Yea
Lundeen — Yea
Priola — Yea
Smallwood — Yea
Will — Yea
Zenzinger — Yea
President — Yea
Jaquez Lewis — Yea
Van Winkle — Yea
Winter F. — Yea
Chris Kolker Democrat Yea
Dafna Michaelson Jenet Democrat Yea
Dylan Roberts Democrat Yea
James Coleman Democrat Yea
Janice Marchman Democrat Not Voting
Jeff Bridges Democrat Yea
Jessie Danielson Democrat Yea
Julie Gonzales Democrat Yea
Kyle Mullica Democrat Yea
Lisa Cutter Democrat Yea
Nick Hinrichsen Democrat Yea
Robert Rodriguez Democrat Yea
Tom Sullivan Democrat Yea
Tony Exum Democrat Yea
Barbara Kirkmeyer Republican Yea
Byron Pelton Republican Yea
Cleave Simpson Republican Yea
Janice Rich Republican Yea
Larry Liston Republican Yea
Mark Baisley Republican Yea
Rod Pelton Republican Yea

Subjects

education
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 24-226 do?
The act modifies the college kickstarter account program (program). The act expands who may open an account and be an account sponsor on or after January 1, 2025, to include, in addition to a parent or parents of an eligible child, any other individual who provides the birth certificate number or order of adoption for an eligible child in accordance with the requirements of the program to open an account. Further, the act clarifies that on or after January 1, 2025, the amount of kickstarter funding that can be claimed is the base amount as adjusted for inflation in the year claimed plus, if the kickstarter funding is claimed in a year after the child's birth year, interest that has accrued on the base amount from the birth year to the claim year. The act also expands the membership of the program advisory board, requires the advisory board to meet at least on a quarterly basis each year, and modifies reporting requirements for the program. The act expands the period during which an account sponsor may claim kickstarter funding from 5 to 8 years from the date of the eligible child's birth or adoption and clarifies that an account is an "individual college savings account", which is any collegeinvest account. APPROVED by Governor May 31, 2024 PORTIONS EFFECTIVE May 31, 2024 PORTIONS EFFECTIVE January 1, 2025(Note: This summary applies to this bill as enacted.)
Who sponsors SB 24-226?
SB 24-226 is sponsored by Steve Fenberg, Janice Marchman (Democrat), Leslie Herod, and Kyle Brown (Democrat).
What is the current status of SB 24-226?
This bill has been enacted into law. Introduced April 26, 2024. Enacted.
Where can I track SB 24-226?
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Last checked for changes 3 months ago · updated continuously

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