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S00953 Summary:
| BILL NO | S00953 |
| SAME AS | SAME AS A04065 |
| SPONSOR | COONEY |
| COSPNSR | |
| MLTSPNSR | |
| Add Art 17 §§9100 - 9110, Bank L; amd §§280-a & 612, Tax L; amd §§92-b & 93-b, St Fin L | |
| Enacts the "Excelsior Opportunity Accounts Act"; establishes a special fund for EO accounts within the department of financial services for certain eligible individuals born after December 31, 2025, who reside in the state, are under age 18, with household income not exceeding 700% of the poverty level; provides for contribution and investment of monies of fund. | |