HB 1448 -- Family Development Accounts

Sponsor:  Bruns

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.

Missouri House of Representatives
92nd General Assembly, 2nd Regular Session
Last Updated September 23, 2004 at 11:15 am