HB1527

House Bill 1527 amends Arkansas Code § 28-65-311(c)(1) to expand the list of permissible investments that a guardian of an estate may make on behalf of a ward without prior court approval. The legislation specifically adds the 'Arkansas Brighter Future Fund Plan' to the list of authorized investments. This plan, established under the Arkansas Brighter Future Fund Plan Act, involves state-authorized college savings or investment accounts. By including this as a permissible investment, the bill allows guardians more flexibility in managing the financial assets of a ward for potential educational or future financial needs. The bill does not change the overall fiduciary duties of the guardian, but simplifies the administrative process for investing in these specific state-backed funds.