BILL · 2001–02 SESSION · LATEST VERSION SHB 2827

HB 2827: Low-income wage earners

Creating individual development accounts for low-income wage earners.

Summary

  • $ Creates a state-funded Individual Development Account (IDA) Program to provide matching funds to low-income wage earners to save for post-secondary education expenses, purchase of their first home, or start a small business.
  • $ Appropriates $500,000 from general fund--state to the Department of Community, Trade, and Economic Development to fund the IDA Program.

From the House Bill Analysis (HB 2827), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJan 29, 2002
  2. Out of committeestopped here
  3. Passed House
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Maralyn Chase (D-32)
Introduced
January 29, 2002 in the House
Last action
February 8, 2002
Budget
Makes appropriations · Has a fiscal note
Versions
HB 2827, SHB 2827

AN ACT Relating to individual development accounts for low-income wage earners;

Sponsors

Prime sponsor: Maralyn Chase (D-32)

4 co-sponsors (4 Democrats, 0 Republicans)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. Referred to Appropriations. (SHB 2827)
  2. Referred to Appropriations.
  3. TED - Majority; 1st substitute bill be substituted, do pass. (SHB 2827)
  4. Minority; without recommendation. (SHB 2827)
  5. TED - Executive action taken by committee.
  6. Minority; without recommendation.
  7. TED - Majority; 1st substitute bill be substituted, do pass.
  8. First reading, referred to Trade & Economic Development.

HB 2827 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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