Bill > HB5112

This bill establishes an education savings account program in Texas. The program allows eligible students to receive state funding for various education-related expenses, including tuition and fees at private schools or postsecondary institutions, textbooks, curriculum, tutoring, and educational technology. The program is administered by the Texas Education Agency, which contracts with a financial institution to manage the individual student accounts. The bill also sets forth requirements for program participants, rules for approved providers and expenses, and procedures for auditing and suspending accounts. The program is intended to begin with the 2023-2024 school year.