Skip to Content

MONTGOMERY, Ala. (July 14, 2016) – Alabama State Treasurer Young Boozer today announced the statewide winners of the CollegeCounts Alabama’s 529 Plan promotion, held in honor of 5/29 Day (May 29).  Each family was given a $529 contribution to their newborn’s newly opened CollegeCounts Alabama’s 529 account. The promotion, in its second year, gave families … Read the full article …

MONTGOMERY – State Treasurer and PACT Board Chair Young Boozer announced that directors of the Alabama PACT (Prepaid Affordable College Tuition) Program approved a 6.0% increase to the current rate paid by the PACT Program for tuition and fees. This increase is effective fall semester 2016. Under the 2011 Class Action Settlement Agreement, PACT is … Read the full article …

MONTGOMERY – The State Treasurer’s Office of Alabama is pleased to announce an online auction of items from its Unclaimed Property division. State Treasury receives these items from banks on behalf of safe deposit box customers with whom the banks have lost touch. If safe deposit box owners stop paying dues on their boxes and … Read the full article …

MONTGOMERY, Ala. (Dec. 23, 2015) —Alabama State Treasurer Young Boozer has been elected by his peers to serve as chairman of the College Savings Plan Network (CSPN) effective Jan. 1. CSPN, the leading objective source of information about Section 529 College Savings Plans, provides resources for families of all income levels to plan ahead, save … Read the full article …

WASHINGTON, D.C. (December 18, 2015) – Today, Congress gave final approval to legislation that makes important enhancements to 529 college savings plans. The three provisions, which were contained in H.R. 529 and S. 335, were included as part of a Congressional proposal to restore expired tax provisions. Betty Lochner, chair of the College Savings Plans … Read the full article …

State Treasurer and PACT Board Chair Young Boozer announced that at their regularly scheduled board meeting today directors of the Alabama PACT (Prepaid Affordable College Tuition) Program approved a 3.0% increase to the rate paid by the PACT Program for tuition and fees effective fall semester 2015. Under the 2011 Class Action Settlement Agreement, PACT … Read the full article …

State Treasurer and Chairman of the Penny Trust Fund Board of Directors Young Boozer announced that the board of the Penny Trust Fund met to approve applications for fiscal year 2015 disbursements of $207,206.14 each to the Departments of Public Health and Education. The board approved a proposal from the Department of Public Health to … Read the full article …

State Treasurer Young Boozer is pleased to announce the creation of the Alabama ABLE Plan that will provide a tax-free vehicle for saving for certain Alabamians who have disability-related expenses. In December 2014, Congress approved the Achieving a Better Life Experience (“ABLE”) Act authorizing state-sponsored tax-exempt savings accounts for disability-related expenses. The Alabama legislature passed … Read the full article …

The U.S. House of Representatives passed HR529, sponsored by Reps. Lynn Jenkins (R-KS) and Ron Kind (D-WI), by a vote of 401-20. This legislation contains three important provisions to improve plans for families saving for college. First, it clarifies that computer technology and equipment are a qualified higher education expense. Second, it removes distribution aggregation … Read the full article …

Yesterday, NAST sent the letter below, signed by NAST President, Treasurer David Lillard; NAST Senior Vice President, Treasurer James McIntire; CSPN Chair Betty Lochner; and CSPN Vice Chair, Treasurer Young Boozer, in support of House passage of HR529. NAST and CSPN have worked tirelessly on this legislation which we expect the House to consider and … Read the full article …

Back to top