University Daily Kansan / Friday, February 12. 1988
9
Bill would help parents save for college expenses
By James Buckman
Kansan staff writer
Parents could save money for their children's college education in a state-run fund under a bill introduced Wednesday in the state Legislature.
The bill, sponsored by state Rep. Rick Bowden, D-Goddard, and state Rep. Elaine Hassler, R-Abilene, would allow people to open an account with the proposed Kansas Educational Savings Plan Trust in the same way they would open a savings account at a bank.
The money would be invested by a seven-member board of directors. The money, plus the dividends, ultimately would be used to pay for a college education.
The program would be similar to the state retirement fund for public employees. Hassler said that the plan was designed to assist people in the lower
middle class with the high cost of secondary education.
"We are aware that there are financial programs that cover the really down and out, the destitute," she said. "The people of the lower middle class don't have enough money to finance college, but they don't qualify for loans and grants, either."
"If we can create a big enough pool of money, maybe we can create enough money to do the job."
Bowden said, "It prepares people now to anticipate the cash needs down the road for a child who may decide to go to college."
The bill is similar to a program that Tom Docking, the Democratic candidate for governor in 1986, advocated during his campaign.
His program contained questionable areas that exist under the current bill. Hassler said that two of
those problems were how to make the fund tax-free and whether the money could still be used if the child went to an out-of-state school.
Under Docking's plan, if the child decided to go to school out of state, the parents would get the original sum back but probably would have to forfeit any money earned from investments.
Hassler said that the bill's authors hadn't decided whether the fund would be used only for in-state schools and whether they would allow the money to be used at both private and public Kansas schools.
But a bigger problem might be deciding the legality of allowing the money to be tax-free. Hassler said that the bill was written to provide a tax break for the investors but that the benefit could be in jeopardy with the Internal Revenue Service.
Reverend opposes liquor bill
TOPEKA — A bill that would allow a restaurant to serve liquor if its receipts from food are 30 percent or more drew criticism yesterday from the leader of the state's temperance organization.
sale of food in order to qualify for a liquor permit. The bill would require restaurants to receive 30 percent of its gross sales in food over a 90-day period.
"Seventy percent our most abused drug, 30 percent food — that's not a very balanced diet," Taylor told the committee.
Rev. Dick Taylor, president of Kansans for Life at Its Best, told the Senate Committee on Federal and State Affairs that the bill would encourage restaurants to push the sale of liquor instead of food.
TOPEKA - A bill designed to keep more people on the job at troubled businesses received good reviews yesterday from members of a House committee.
He said that the proposal would create more alcoholics. John Lamb, a lobbyist for the Kansas Retail Liquor Dealers Association, endorsed a provision in the proposed bill on the amount of local fees that a local unit of government can charge for a liquor license.
The Associated Press
Labor bill would aid employers
The House Labor and Industry Committee is considering a bill that would allow employers to set up "shared-work" programs when they are faced with the possibility of laying off workers. Under such programs, the employer could cut the number of hours everyone works and the workers could still receive partial unemployment benefits.
The Associated Press
Currently, a restaurant must derive not less than 50 percent of its gross receipts every calendar year from the
Thirteen states, including Missouri, California and Texas, now have such a law.
Under the measure, the state Department of Human Resources would approve company plans for shared work programs, which could last up to a year. If employees were unionized, the union's members would have to agree to a plan.
The shared work programs could reduce the number of hours an employee worked by between 10 percent and 40 percent and would have to affect at least 10 percent of the employees in a department or shift in which the layoffs would have occurred.
Dennis Taylor, secretary of human resources, said he did not know how much the bill would cost the state.
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