2004 House Bill 5783 ↩

Senate Roll Call 653: Passed

To make various technical changes to the law authorizing Michigan Education Savings Accounts, and to exempt from the Freedom of Information Act communications between an account manager, owner, or beneficiary. Under current law, an account purchaser must specify the name and age of the beneficiary. The bill exempts accounts purchased by a governmental agency or an tax exempt organization under 501(c)(3)tax exempt organization from this requirement. Also, to provide an alternative type of pre-paid tuition contract, which in return for a lower price would not be refundable if the beneficiary does not go to college.