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Committee OKs bill letting courts approve 529 accounts for court‑administered settlements
3102335 · March 10, 2025
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Summary
House Bill 15207 would allow courts to authorize investing settlement proceeds for a ward or minor into a Section 529 college savings account. Sponsor Clark Tucker said the change helps parents grow settlement funds for a child's education rather than holding funds in low‑yield accounts.
Clark Tucker (State Senator, District 14) presented House Bill 15207 to allow a court administering a settlement on behalf of a ward or minor to approve investing settlement proceeds in a Section 529 account. Tucker described it as a narrow change to existing investment…
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