Establishes the Kansas postsecondary education savings account and Kansas ABLE savings account grant incentive program.
The bill establishes the Kansas postsecondary education savings account and Kansas ABLE savings account grant incentive program. It authorizes the state treasurer to implement and administer the program, which provides matching grants to qualified individuals and families with household incomes not exceeding 200% of the federal poverty level. The program matches contributions to family postsecondary savings accounts on a dollar-for-dollar basis, up to $600 per calendar year.
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