To authorize broadening the investment options in the Michigan Education Savings Plan account program, which is a tax deferred college savings account program (a “529 plan”), contributions to which qualify for state and federal income tax deductions. The bill would also explicitly allow withdrawals from an MESP account to pay the cost of a student attending one of the U.S. service academies, including West Point, the Naval Academy at Annapolis, the Air Force Academy in Colorado Springs, the United States Coast Guard Academy, or the United States Merchant Marine Academy.   Official Text and Analysis.

Without amendment and with the recommendation that the bill pass.

With the recommendation that the bill pass.

To allow fund managers to annually charge up to 2.0 percent of net asset value, rather than 1.5 percent.

To authorize broadening the investment options in the Michigan Education Savings Plan account program, which is a tax deferred college savings account program (a “529 plan”), contributions to which qualify for state and federal income tax deductions. The bill would also explicitly allow withdrawals from an MESP account to pay the cost of a student attending one of the U.S. service academies, including West Point, the Naval Academy at Annapolis, the Air Force Academy in Colorado Springs, the United States Coast Guard Academy, or the United States Merchant Marine Academy .

To concur with the Senate-passed version of the bill.