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HB749

Authorizes the Louisiana Tuition Trust Authority to contract with a program manager for the administration of certain savings accounts (ABLE, START, and START K12 programs) and the investment of account funds (EN +$4,000,000 GF EX See Note)

Complete·6/2/26

Louisiana HB749 authorizes the Louisiana Tuition Trust Authority to contract with a program manager for the administration of ABLE, START, and START.

Louisiana HB749 authorizes the Louisiana Tuition Trust Authority to contract with a program manager for the administration of ABLE, START, and START K12 savings accounts and the investment of account funds. The program manager will administer accounts, offer investment options, and provide annual account statements and tax documents to account owners. The contract will take effect on December 31, 2026, or the date of the contract's execution, whichever is later.

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  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Sponsors

0
2
RR
Democratic CaucusRepublican Caucus

Roll Call Votes

32 Yea

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1 Nay

R

6 Absent

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Calendar

May 27

1:00 PM

Senate Committee on Finance

May 14

12:00 AM

Senate Committee on Education

History

Jun 2

House

Signed by the Governor. Becomes Act No. 671.

Jun 2

House

Effective date: 06/02/2026.

Jun 1

House

Sent to the Governor for executive approval.