SB 534 — Georgia Baby Bond Savings Plan; provide for creation
Senate Read and Referred
A BILL to be entitled an Act to amend Title 39 of the O.C.G.A., relating to minors, so as to provide for the creation of the Georgia Baby Bond Savings Plan; to provide for the administration of such plan; to provide for a board of directors; to authorize the board of directors to invest plan funds; to provide for the creation of a fund in the state treasury; to provide the authority for establishing a comprehensive investment plan; to provide for furnishing annual financial statements to savings trust account owners; to provide for eligibility requirements for the plan; to authorize the General Assembly to contribute to the plan; to provide for minimum contributions by the General Assembly to the plan; to provide for related matters; to repeal conflicting laws; and for other purposes.
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