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House approves changes to Student Prosperity Savings Program to expand local partnerships
Summary
The Utah House approved amendments to the Student Prosperity Savings Program to expand eligibility and delegate implementation to local nonprofits, with My 529 serving as the account holder; the bill passed 64–1 and will go to the Senate.
Representative Rebecca Robertson presented amendments to the Student Prosperity Savings Program (House Bill 354), saying the program "is specifically targeted to help economically disadvantaged children" and relies on local nonprofit partners to apply and design implementation plans. She told the House the account holder for deposits will be My 529 and that local groups such as the Boys and Girls Club may tailor plans to their communities.
Representative Cutler asked how money flows to students and how the program would be administered. Robertson said local nonprofits would submit an implementation plan, including the number of students served and requested funds, and that the My 529 account would hold the funds while local partners manage outreach and matching features.
Members spoke in support of the concept as a public–private approach to increase college completion for disadvantaged students. The House waived summation and voted to pass HB354 64–1; the bill will be transmitted to the Senate for consideration.
The next procedural step is Senate consideration; no fiscal-note changes were raised on the floor during this discussion.
