Status Summary

Passed out of the House Committee on Higher Education and on Feb 17th referred to the House Committee on Appropriations, but never had a public hearing. This bill did not make it out of its committee by the cutoff deadline.

Legislative Session






HB 1425 establishes the Washington next generation educational savings account pilot program established through the Washington college savings program with the purpose of expanding educational opportunity and financial capability by creating children's educational savings accounts. The pilot project will Identify two initial participants, such as counties, cities, school districts, or elementary schools for the pilot program, one west of the Cascade mountains and one east of the Cascade mountains, that are located in communities with strong support, demonstrated by pledged donations from philanthropic or corporate foundations, local businesses, community organizations, or individuals; and partner with one or more private organizations to secure funding for the pilot program.