HB 715 -- Family Development Account

Co-Sponsors:  Bruns, Deeken

Current law allows a family or individual whose household income
is less than or equal to 200% of the federal poverty level to
open a family development account for the purpose of saving and
withdrawing money for specific purposes.  Allowable costs include
those associated with higher education.  This bill expands the
list of approved purposes to include costs associated with
attending a vocational school.

The bill also expands the definition of "community-based
organization" to include religious or charitable associations
formed pursuant to Chapter 355, RSMo, which relates to
not-for-profit corporation law.

Missouri House of Representatives
Last Updated July 25, 2003 at 10:12 am