Bill Text: SC H5253 | 2019-2020 | 123rd General Assembly | Introduced
Bill Title: 529 Day
Spectrum: Slight Partisan Bill (Republican 80-44)
Status: (Passed) 2020-02-19 - Introduced and adopted [H5253 Detail]
Download: South_Carolina-2019-H5253-Introduced.html
A HOUSE RESOLUTION
TO DECLARE WEDNESDAY, APRIL 1, 2020, AS "529 DAY" IN THE PALMETTO STATE AND TO ENCOURAGE CITIZENS TO LEARN MORE ABOUT THE FUTURE SCHOLAR 529 COLLEGE SAVINGS PLAN AND ALL OF THE OTHER CONSUMER-FACING PROGRAMS OFFERED AT THE STATE TREASURER'S OFFICE.
Whereas, saving for a college education is an important investment in a child's future; and
Whereas, South Carolina's Future Scholar 529 College Savings Plan currently serves more than one hundred eighty thousand families with over 4.2 billion dollars in assets under management; and
Whereas, South Carolina's Future Scholar 529 College Savings Plan has accumulated national accolades from Morningstar, Inc.; the Wall Street Journal; Money magazine; and savingforcollege.com; and
Whereas, the pursuit of higher education results in both an enhanced quality of life for the citizens of South Carolina and an improved Palmetto State for all; and
Whereas, the State Treasurer's Office offers other programs that benefit the citizens of South Carolina; and
Whereas, the Palmetto ABLE Savings Program offers ABLE accounts to individuals with disabilities to ensure they have access to the same kinds of savings tools that are available to the broader population, and the program now has more than one thousand account owners; and
Whereas, the South Carolina Unclaimed Property Program returned 31.5 million dollars last fiscal year to individuals and businesses in our State and currently has more than six hundred fifty million dollars in unclaimed funds available for claim. Now, therefore,
Be it resolved by the House of Representatives:
That the members of the South Carolina House of Representatives, by this resolution, declare Wednesday, April 1, 2020, as "529 Day" in the Palmetto State and encourage citizens to learn more about the Future Scholar 529 College Savings Plan and all of the other consumer-facing programs offered at the State Treasurer's Office.
Be it further resolved that a copy of this resolution be provided to the Honorable Curtis M. Loftis, Jr., Treasurer of the State of South Carolina.
