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Senate OKs bill to let nonprofits open 529 accounts for schoolchildren; parents may opt out
2715501 · March 20, 2025
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Summary
Senate Bill 422 lets nonprofits establish 529 college-savings accounts for identified students while keeping student data confidential to the treasurer's office and allowing parental opt-out.
The Arkansas Senate passed Senate Bill 422 on March 20, 2025, authorizing nonprofit organizations to establish 529 college-savings accounts for identified elementary-school students, with safeguards to keep student data confidential to the state treasurer's office and to allow parents to opt out.
Sponsor Senator Tucker described…
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