Bill > SB1687

This bill modifies existing Arizona law regarding Empowerment Scholarship Accounts (ESAs), which provide educational options for students. Key changes include clarifying that any unspent money remaining in an ESA after a student graduates from a postsecondary institution or after four consecutive years without postsecondary enrollment will be returned to the state and deposited into the Department of Education's ESA fund, rather than simply being returned to the state generally. Additionally, the bill specifies that the department's administrative costs for ESAs will be funded by monies appropriated by the legislature and deposited into the Department of Education Empowerment Scholarship Account Fund, and that these funds are to be used *only* for these administrative costs. The bill also updates the notification process for parents whose ESA accounts are being closed due to non-renewal, requiring notification via certified mail, email, and telephone if applicable, and clarifies that remaining funds from a closed account will be deposited into the Department of Education Empowerment Scholarship Account Fund.

Justice

https://apps.azleg.gov/BillStatus/BillOverview/85333