House of Representatives State of Utah




         UTAH STATE CAPITOL COMPLEX . 350 STATE CAPITOL

Figure

Graphic file number 0 named letter~1.jpg with height 78 p and width 81 p Left aligned
         P.O. BOX 145030 . SALT LAKE CITY, UTAH 84114-5030 . (801) 538-1029         February 24, 2012

Madam Speaker:

    The Education Committee recommends H.B. 123, EDUCATION SAVINGS ACCOUNTS, by Representative J. Dougall, be replaced and reports a favorable recommendation on 1st Sub. H.B. 123, EDUCATION SAVINGS ACCOUNTS with the following amendments:

1.    Page 5, Lines 121 through 122 :    

             121          (b) The maximum number of education savings accounts that may exist for any year of
             122      the pilot project is

{   2,500   }        500       .


2.    Page 6, Lines 164 through 165 :    

             164          (9) (a) The State Board of Education shall close an education savings account
{   10   }        six       years

             165      after the account is opened.

    Respectfully,

    Francis D. Gibson
    Committee Chair
Voting: 8-6-1
7 HB0123.HC1.wpd 2/24/12 7:42 pm csteffen/CCS AOS/CCS


Bill Number
Action Class
Action Code

*HB0123S01*
*H*
*HCRSUBAMD*

HB0123S01
H
HCRSUBAMD