Bill > SB130

This bill establishes the education freedom account (EFA) program, which allows the state treasurer to transfer the adequate education grant and any differentiated aid for an eligible student to a scholarship organization. The scholarship organization then disburses these funds to parents to be used for various educational expenses, such as tuition at private schools, tutoring, and educational materials. The program is open to New Hampshire residents who are eligible to enroll in public schools and have a household income less than or equal to 300% of the federal poverty guidelines. The scholarship organization is responsible for administering the program, including approving applications, making payments to education service providers, and auditing accounts. The bill also establishes a legislative oversight committee to monitor the program's implementation.

Education