SB 772 – Removes the minimum time for holding investments in the Missouri Higher Education Savings Program

• Sponsor: Scott
• LR Number: 3986S.02T
• Committee: Financial and Governmental Organizations and Elections
• Last Action: 6/14/2010 - Signed by Governor
• Journal Page: S1959
• Title: SCS SB 772
• Effective Date: August 28, 2010
• House Handler: Cunningham

Current Bill Summary

SCS/SB 772 - Currently, the minimum time for holding investments in the Missouri Higher Education Savings Program is 12 months. The act removes that requirement.

The sunset provision governing the Missouri Higher Education Deposit Program, which is a nonexclusive alternative to the Missouri Higher Education Savings Program and administered by the Missouri Higher Education Savings Program Board, is also removed.

This act is similar to SB 213 (2009).

CHRIS HOGERTY