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2EAA12AD7B6C768887258AB5007326F3 Hearing Summary




PUBLIC
BILL SUMMARY For BRIEFING FROM COLLEGEINVEST

SENATE COMMITTEE ON EDUCATION
Date Jan 31, 2024      
Location SCR 357



Briefing from CollegeInvest - Committee Discussion Only


01:57:49 PM  
Angela Baier, CEO
of CollegeInvest, provided a brief overview of the CollegeInvest program,
including House Bill 19-1280 and the First Step/Kick Starter Program (program),
and explained that CollegeInvest is enterprise fund so it doesn't receive
any General Fund dollars. Senate President Steve Fenberg asked questions
regarding the successes and challenges of the program, how it is being
marketed and how many families are participating.
02:08:52 PM  
President Fenberg
asked how the program would be funded if 100 percent of babies born in
Colorado had an account opened in their name.
02:21:32 PM  
Ms. Baier continued to answer questions from the committee.






The effective date for bills enacted without a safety clause is August 7, 2024, if the General Assembly adjourns sine die on May 8, 2024, unless otherwise specified. Details