Introduced by Rep. Steven Lindberg (D) on September 18, 2008, to eliminate money orders as a means of making disbursements from a Michigan education savings fund, and authorize electronic funds transfers. These tax-advantaged savings plans are administered by the state Department of Treasury, which makes the disbursements to colleges and universities on behalf of a plan’s beneficiary (the student).
Referred to the House Tax Policy Committee on September 18, 2008.
Reported in the House on September 24, 2008, with the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered in the House on December 2, 2008, to replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described. The substitute passed by voice vote in the House on December 2, 2008.
1) 2008 House Bill 6471 (Revise Michigan education savings fund disbursement procedures ) by admin on January 1, 2001 Introduced in the House on September 18, 2008