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Bill > SF3435


MN SF3435

MN SF3435
Education Savings Accounts for Minnesota Students Act


summary

Introduced
02/12/2024
In Committee
02/12/2024
Crossed Over
Passed
Dead
05/20/2024

Introduced Session

93rd Legislature 2023-2024

Bill Summary

A bill for an act relating to education; establishing education savings accounts; requiring rules; proposing coding for new law in Minnesota Statutes, chapter 126C.

AI Summary

This bill establishes the "Education Savings Accounts for Minnesota Students Act" (ESA-4-MSA), which creates education savings accounts (ESAs) for eligible students in Minnesota. The ESAs provide funds to parents to pay for various educational expenses, including tuition, tutoring, curriculum, transportation, and technology. Eligible students must reside in Minnesota and be from households with annual incomes below a certain threshold. The program is administered by the Commissioner of the Department of Revenue, who is responsible for setting funding levels, processing applications, and preventing misuse of funds. The bill also outlines provisions for student participation, fraud prevention, and the involvement of educational service providers.

Committee Categories

Budget and Finance

Sponsors (5)

Last Action

Author added Drazkowski (on 02/29/2024)

Bill Topics

Education
  • ‐ Education of Underprivileged or Underrepresented Groups
  • ‐ Elementary and Secondary Education

bill text


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