1Amending the act of April 3, 1992 (P.L.28, No.11), entitled, as
2amended, "An act providing for the establishment of two
3programs for postsecondary educational savings, a guaranteed
4savings program and an investment program; establishing the
5Tuition Account Programs Bureau within the Treasury
6Department and providing duties for the Treasury Department;
7establishing tuition account funds; providing for Tuition
8Account Program Contracts; providing for the establishment of
9scholarship programs; and further providing for duties of the
10Pennsylvania Higher Education Assistance Agency," further
11providing for general provisions governing both tuition
12account programs.

13The General Assembly of the Commonwealth of Pennsylvania
14hereby enacts as follows:

15Section 1. Section 309.2(a) and (c) of the act of April 3,
161992 (P.L.28, No.11), known as the Tuition Account Programs and
17College Savings Bond Act, added June 22, 2000 (P.L.418, No.58),
18is amended to read:

19Section 309.2. General provisions governing both tuition
20account programs.

21(a) Levy, execution and security for loans.--A tuition
22account, any state-qualified tuition program or any legal

1interest therein shall not be subject to attachment, levy or
2execution by any creditor of [an] any account owner or
3beneficiary and shall not be used as security for a loan.

4* * *

5(c) Student aid.--Any amounts contributed pursuant to a
6Tuition Account Program Contract, any state-qualified tuition 
7program and any increase in the value thereof shall not be used
8in calculating personal asset contributions for determining
9eligibility and need for student loan programs, student grant
10programs or other student aid programs administered by any
11agency of the Commonwealth, except as otherwise may be provided
12by Federal law.

13* * *

14Section 2. This act shall take effect in 60 days.