House Bill 1027, titled the "Brighter Start Act of 2025", from Representative Andrew Collins mandates a one-time contribution to state-supported savings accounts for educational purposes. Below is a summary of the key provisions:
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Contribution Requirement:
- The Arkansas Treasurer of State is required to transfer $100 from the General Revenue Fund Account to:
- All existing Arkansas Brighter Future Fund Plan accounts designated for a beneficiary.
- Any new accounts opened in the future under the same program.
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Administration:
- The Treasurer of State will oversee the distribution of these funds.
- Eligibility verification is required to ensure that funds are properly disbursed to qualified accounts.
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Funding Source:
- Contributions will come from the General Revenue Fund of the State Apportionment Fund.