Bill

HB 1560

84(R) - 2015
House Judiciary & Civil Jurisprudence
Read Bill & Check Bill Status
House Judiciary & Civil Jurisprudence
Higher Education

Vote Recommendation

Vote Yes; Amend
  • Neutral
  • Neutral
  • Positive
  • Neutral
  • Neutral

Author(s)

Ana Hernandez

Bill Caption

Relating to investment options for property recovered in a suit by a next friend or guardian ad litem on behalf of a minor or incapacitated person.

Fiscal Notes

No fiscal impact.    

Bill Analysis

HB 1560 would amend code to authorize any money recovered in a lawsuit by a minor or incapacitated person and who is being represented by a next friend or appointed guardian to be invested in a higher education savings plan or prepaid tuition plan.

Vote Recommendation Notes

This bill affirms our principle of personal responsibility, therefore we support this legislation. By assisting a minor or incapacitated person in this manner, HB 1560 promotes self-responsibility and self-sufficiency.

However, we would recommend that the bill allow deposits to alternative savings plans for those with no formal higher education prospects.