Revision: Jan. 28, 2013, midnight
HB 554 – AS INTRODUCED
2013 SESSION
05/01
HOUSE BILL 554
AN ACT allowing parents to agree on college contributions.
SPONSORS: Rep. Gargasz, Hills 27; Rep. Gile, Merr 27; Rep. Ford, Graf 3; Rep. Ladd, Graf 4; Sen. Stiles, Dist 24; Sen. Lasky, Dist 13
COMMITTEE: Children and Family Law
This bill allows parents to agree on contributions to college or other postsecondary education expenses and authorizes the court to approve and enforce such agreements.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
13-0772
05/01
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Thirteen
AN ACT allowing parents to agree on college contributions.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Parental Rights ad Responsibilities; Support. Amend RSA 461-A:14, V to read as follows:
V. No child support order shall require a parent to contribute to an adult child’s college expenses or other educational expenses beyond the completion of high school, except as provided in RSA 461-A:21.
2 New Section; Agreement on College Expenses. Amend RSA 461-A by inserting after section 20 the following new section:
461-A:21 Agreement on College Expenses. Parents may agree to contribute to their child’s college expenses or other educational expenses beyond the completion of high school as part of a stipulated decree, signed by the parents and approved by the court. The court shall enforce such a parental agreement on educational expenses. The agreed-on contribution may be made by one or both parents. The agreement may provide for contributions to an account to save for college, for the use of an asset, or for payment of educational expenses as incurred. Any such agreement shall specify the amount of the contribution, a percentage, or a formula to determine the amount of the contribution. The stipulated decree shall also state whether the agreement is modifiable based on a substantial change in financial circumstances or is not modifiable even if circumstances change. If the agreement requires contributions to an account, it shall also state how any unused funds would be allocated.
3 Effective Date. This act shall take effect January 1, 2014.