98RS SB5


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SB 5 (BR 104) - F. Bradley

     AN ACT relating to the Kentucky Higher Educational Savings Plan Trust and declaring an emergency.
     Amend KRS 164A.300, KRS 164A.310, and KRS 164A.335, and other sections of KRS Chapter 164A relating to the Kentucky Educational Savings Plan Trust, to comply with the federal tax law, Public Law 104-188, to allow tax-deferred federal credits for participants; repeal KRS 164A.345.


     SCS - Retain original provisions but correct citations to applicable federal law in Section 3, definitions; and adds Section 8 to declare the existence of an emergency in view of the requirement in Public Law 104-188 that provisions be applied retroactively if the state program is amended at the first session of the General Assembly conducted after August 20, 1996.
     SCA (1/Title, L. Casebier) - Make title amendment.
     HFA (1, F. Rasche) - Amend KRS 164A.080 to increase the bonding authority of the Kentucky Higher Education Student Loan Corporation from $553,000,000 to $950,000,000.
     HFA (2, F. Rasche) - Make title amendment.

     (Prefiled by the sponsor(s).)

     Jan 6-introduced in Senate; to Education (S)
     Jan 14-reported favorably, 1st reading, to Consent Calendar with Committee Substitute, committee amendment (1-title)
     Jan 15-2nd reading, to Rules
     Jan 16-posted for passage in the Consent Orders of the Day for January 20, 1998
     Jan 20-taken from the Consent Orders of the Day, placed in the Regular Orders of the Day; 3rd reading, passed 34-0 with Committee Substitute and Committee Title Amendment; received in House
     Jan 23-to Education (H)
     Feb 23-posted in committee
     Mar 4-reported favorably, 1st reading, to Calendar
     Mar 5-2nd reading, to Rules
     Mar 11-posted for passage in the Regular Orders of the Day for March 12, 1998
     Mar 17-floor amendments (1) and (2-title) filed
     Mar 18-3rd reading; floor amendment (1) ruled not germane; passed 93-0; received in Senate
     Mar 19-enrolled, signed by each presiding officer, delivered to Governor
     Mar 26-signed by Governor

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