Bill
Bill > SB1
summary
Introduced
10/09/2023
10/09/2023
In Committee
10/13/2023
10/13/2023
Crossed Over
10/12/2023
10/12/2023
Passed
Dead
11/07/2023
11/07/2023
Introduced Session
88th Legislature 3rd Special Session
Bill Summary
Relating to the establishment of an education savings account program.
AI Summary
This bill establishes an education savings account program in Texas. The key provisions are:
This bill establishes an education savings account program to provide funding for approved education-related expenses of eligible children participating in the program. The comptroller will administer the program, including establishing a program fund, certifying educational assistance organizations to assist with administration, approving education service providers and vendors, and disbursing payments to participating children's accounts. Eligible children include those enrolled in or previously attending public schools, private schools, or home-schooled. Participating parents must agree to use the funds only for approved expenses and share assessment results. The bill sets the annual funding amount per participating child and allows the funds to be carried over year-to-year. The bill also includes provisions for auditing, suspending accounts, and reporting on the program's impact.
Committee Categories
Education
Sponsors (7)
Brandon Creighton (R)*,
Paul Bettencourt (R),
Brian Birdwell (R),
Donna Campbell (R),
Mayes Middleton (R),
Angela Paxton (R),
Charles Schwertner (R),
Last Action
Referred to Educational Opportunity & Enrichment, Select (on 10/13/2023)
Official Document
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