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LouisianaHB 7492026 Regular SessionHouseWALLET

FUNDS/INVESTMENTS: Authorizes the Louisiana Tuition Trust Authority to contract with a program manager for the administration of certain savings accounts (ABLE, START, and START K12 programs) and the investment of account funds (EN +$4,000,000 GF EX See Note)

Sponsored By: Kim Carver (Republican)

Signed by Governor

Education

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

State guarantees end for education savings

The Louisiana Tuition Trust Authority sets account interest rates and credits interest only until it signs a manager contract. At that point, its duty to guarantee redemption values for fixed-earnings education savings accounts also ends. The law does not specify a replacement state guarantee.

Sponsors & Cosponsors

Sponsor

  • Kim Carver

    Republican • House

Cosponsors

  • Franklin J. Foil

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 159 • No: 7

Senate vote • 5/28/2026

Read by title, passed by a vote of 32 yeas and 1 nays, and ordered returned to the House. Motion to reconsider tabled.

Yes: 32 • No: 1

House vote • 4/27/2026

Read third time by title, amended, roll called on final passage, yeas 94, nays 6. Finally passed, title adopted, ordered to the Senate.

Yes: 94 • No: 6

House vote • 4/21/2026

Reported with amendments

Yes: 19 • No: 0

House vote • 3/25/2026

Reported favorably

Yes: 14 • No: 0

Actions Timeline

  1. Signed by the Governor. Becomes Act No. 671.

    6/2/2026House

  2. Effective date: 06/02/2026.

    6/2/2026House

  3. Sent to the Governor for executive approval.

    6/1/2026House

  4. Signed by the President of the Senate.

    5/31/2026Senate

  5. Enrolled and signed by the Speaker of the House.

    5/29/2026House

  6. Read by title, passed by a vote of 32 yeas and 1 nays, and ordered returned to the House. Motion to reconsider tabled.

    5/28/2026Senate

  7. Received from the Senate without amendments.

    5/28/2026House

  8. Rules suspended. Reported favorably. Rules suspended. Read by title and referred to the Legislative Bureau.

    5/27/2026Senate

  9. Reported without Legislative Bureau amendments. Read by title and passed to third reading and final passage.

    5/27/2026Senate

  10. Read by title. Recommitted to the Committee on Finance.

    5/19/2026Senate

  11. Reported favorably.

    5/18/2026Senate

  12. Read second time by title and referred to the Committee on Education.

    4/29/2026Senate

  13. Received in the Senate. Read first time by title and placed on the Calendar for a second reading.

    4/28/2026Senate

  14. Read third time by title, amended, roll called on final passage, yeas 94, nays 6. Finally passed, title adopted, ordered to the Senate.

    4/27/2026House

  15. Scheduled for floor debate on 04/27/2026.

    4/23/2026House

  16. Read by title, amended, ordered reengrossed, passed to 3rd reading.

    4/22/2026House

  17. Reported with amendments (19-0).

    4/21/2026House

  18. Read by title, ordered engrossed, recommitted to the Committee on Appropriations.

    3/26/2026House

  19. Reported favorably (14-0).

    3/25/2026House

  20. Read by title, under the rules, referred to the Committee on Education.

    3/9/2026House

  21. Prefiled.

    2/27/2026House

  22. Under the rules, provisionally referred to the Committee on Education.

    2/27/2026House

  23. First appeared in the Interim Calendar on 2/27/2026.

    2/27/2026House

Bill Text

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