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28 | 28 | | HOUSE BILL 387 |
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29 | 29 | | 57 |
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30 | 30 | | TH LEGISLATURE |
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31 | 31 | | - |
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32 | 32 | | |
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33 | 33 | | STATE |
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34 | 34 | | |
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35 | 35 | | OF |
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36 | 36 | | |
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37 | 37 | | NEW |
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38 | 38 | | |
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39 | 39 | | MEXICO |
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40 | 40 | | |
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41 | 41 | | - |
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42 | 42 | | FIRST SESSION |
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43 | 43 | | , |
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44 | 44 | | |
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45 | 45 | | 2025 |
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46 | 46 | | INTRODUCED BY |
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47 | 47 | | Rebecca Dow and Luis M. Terrazas and Jimmy G. Mason |
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48 | 48 | | and Rod Montoya |
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49 | 49 | | AN ACT |
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50 | 50 | | RELATING TO EDUCATION; ENACTING THE EDUCATION OPPORTUNITY |
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51 | 51 | | ACCOUNT ACT; PROVIDING POWERS AND DUTIES; PROVIDING FOR |
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52 | 52 | | EDUCATION OPPORTUNITY ACCOUNTS; PROVIDING ALLOWABLE USES; |
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53 | 53 | | PROVIDING PROCEDURES AND APPLICATION REQUIREMENTS FOR PARENTS |
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54 | 54 | | AND EDUCATION SERVICE PROVIDERS; CREATING A REVIEW COMMISSION; |
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55 | 55 | | MAKING APPROPRIATIONS. |
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56 | 56 | | BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF NEW MEXICO: |
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57 | 57 | | SECTION 1. A new section of the Public School Code is |
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58 | 58 | | enacted to read: |
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59 | 59 | | "[NEW MATERIAL] SHORT TITLE.--This act may be cited as the |
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60 | 60 | | "Education Opportunity Account Act"." |
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61 | 61 | | SECTION 2. A new section of the Public School Code is |
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62 | 62 | | enacted to read: |
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63 | 63 | | "[NEW MATERIAL] DEFINITIONS.--As used in the Education |
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64 | 64 | | .229415.2 underscored material = new |
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91 | 91 | | Opportunity Account Act: |
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92 | 92 | | A. "curriculum" means a complete course of study |
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93 | 93 | | for a particular primary or secondary content area or grade |
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94 | 94 | | level; |
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95 | 95 | | B. "education" means a primary or secondary |
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96 | 96 | | education; |
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97 | 97 | | C. "education opportunity account" means the |
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98 | 98 | | account into which money is deposited by the department to pay |
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99 | 99 | | for qualifying education expenses of a participating student; |
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100 | 100 | | D. "education service provider" means a private |
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101 | 101 | | school located in New Mexico that is qualified to provide |
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102 | 102 | | educational goods and services to participating students and |
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103 | 103 | | that receives payments from education opportunity accounts; |
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104 | 104 | | provided that "education service provider" does not mean an |
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105 | 105 | | online school; |
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106 | 106 | | E. "eligible student" means a school-age person who |
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107 | 107 | | is a resident of New Mexico, who has not received a high school |
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108 | 108 | | diploma or a high school equivalency credential and who is |
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109 | 109 | | eligible for enrollment or re-enrollment in a public school; |
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110 | 110 | | F. "participating student" means a student who is |
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111 | 111 | | participating in the program; and |
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112 | 112 | | G. "program" means the education opportunity |
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113 | 113 | | account program." |
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114 | 114 | | SECTION 3. A new section of the Public School Code is |
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115 | 115 | | enacted to read: |
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116 | 116 | | .229415.2 |
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144 | 144 | | "[NEW MATERIAL] EDUCATION OPPORTUNITY ACCOUNT PROGRAM-- |
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145 | 145 | | CREATED--FUNDING USES.-- |
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146 | 146 | | A. The "education opportunity account program" is |
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147 | 147 | | created in the department to allow the department, in contract |
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148 | 148 | | with parents of participating students, to pay for private |
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149 | 149 | | school and other eligible expenses through "education |
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150 | 150 | | opportunity accounts". The department: |
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151 | 151 | | (1) shall establish education opportunity |
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152 | 152 | | accounts for students who qualify for the program; |
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153 | 153 | | (2) shall determine the amount each |
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154 | 154 | | participating student is eligible to receive, which amount is |
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155 | 155 | | equal to the average amount spent by school districts and |
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156 | 156 | | charter schools on public school students in the same grade, |
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157 | 157 | | weighted by special education and at-risk program units, if |
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158 | 158 | | applicable; provided that a participating student shall not |
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159 | 159 | | receive more than the student's qualifying educational |
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160 | 160 | | expenses; |
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161 | 161 | | (3) shall make monthly deposits into each |
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162 | 162 | | education opportunity account; and |
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163 | 163 | | (4) may contract for financial management |
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164 | 164 | | services for education opportunity accounts. |
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165 | 165 | | B. Money in a participating student's education |
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166 | 166 | | opportunity account shall be used by the department, in |
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167 | 167 | | contract with parents of participating students, only in |
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168 | 168 | | accordance with the provisions of the Education Opportunity |
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169 | 169 | | .229415.2 |
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197 | 197 | | Account Act and only for the following qualifying education |
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198 | 198 | | expenses: |
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199 | 199 | | (1) tuition and fees at a private elementary |
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200 | 200 | | or secondary school that teaches, among other courses, reading, |
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201 | 201 | | language arts, mathematics, science and social studies |
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202 | 202 | | appropriate for the grade level of the participating student; |
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203 | 203 | | (2) tutoring services provided by a qualified |
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204 | 204 | | person; |
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205 | 205 | | (3) textbooks and other instructional |
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206 | 206 | | materials, including computer hardware and software, required |
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207 | 207 | | by the education service provider to deliver education to the |
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208 | 208 | | participating student; |
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209 | 209 | | (4) fees for nationally standardized |
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210 | 210 | | assessments, advanced placement examination fees and other |
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211 | 211 | | assessments required by the education service provider; |
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212 | 212 | | (5) tuition or fees for summer and after- |
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213 | 213 | | school elementary or secondary programs; |
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214 | 214 | | (6) public transportation to and from school; |
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215 | 215 | | and |
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216 | 216 | | (7) other educational charges approved by the |
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217 | 217 | | department. |
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218 | 218 | | C. The department and the parent of a participating |
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219 | 219 | | student shall enter into an annual contract that specifies what |
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220 | 220 | | qualifying education expenses will be purchased each semester |
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221 | 221 | | or other term, the cost of the educational services to be |
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222 | 222 | | .229415.2 |
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250 | 250 | | provided and by whom the educational services will be provided. |
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251 | 251 | | The department shall not deposit into an education opportunity |
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252 | 252 | | account more than the combined cost of educational services |
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253 | 253 | | provided to the participating student in that year. A parent |
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254 | 254 | | shall not pay more for educational services than the parent of |
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255 | 255 | | a similarly situated school-age person pays. Money in an |
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256 | 256 | | education opportunity account shall not be refunded, rebated or |
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257 | 257 | | shared with a parent or participating student in any manner. A |
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258 | 258 | | refund or rebate for educational services purchased through an |
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259 | 259 | | education opportunity account shall be credited directly to |
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260 | 260 | | that account. A parent may make payments for the cost of |
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261 | 261 | | educational services not covered by an education opportunity |
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262 | 262 | | account, but in no case shall a parent deposit personal funds |
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263 | 263 | | into a participating student's account. |
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264 | 264 | | D. Money in a participating student's education |
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265 | 265 | | opportunity account shall be issued at the direction of the |
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266 | 266 | | participating student's parent to an education service |
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267 | 267 | | provider, in the name of the student. |
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268 | 268 | | E. If an education service provider requires |
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269 | 269 | | partial payment of tuition or fees prior to the start of the |
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270 | 270 | | academic year to reserve space for a participating student |
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271 | 271 | | admitted to the education service provider, such partial |
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272 | 272 | | payment may be paid by the department prior to the start of the |
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273 | 273 | | school year in which the education opportunity account is |
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274 | 274 | | awarded and deducted in an equitable manner from subsequent |
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275 | 275 | | .229415.2 |
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303 | 303 | | monthly account deposits to ensure that adequate funds remain |
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304 | 304 | | available throughout the school year; provided that if the |
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305 | 305 | | participating student does not attend the education service |
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306 | 306 | | provider to which partial payment was made, the partial payment |
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307 | 307 | | shall be returned to the department by the education service |
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308 | 308 | | provider for credit to the account. |
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309 | 309 | | F. Funds deposited in an education opportunity |
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310 | 310 | | account shall not constitute taxable income for state tax |
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311 | 311 | | purposes of the parent or the participating student. |
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312 | 312 | | G. Except as provided in Subsection H of this |
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313 | 313 | | section, any unexpended or unencumbered balance in an education |
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314 | 314 | | opportunity account may remain in the account until one of the |
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315 | 315 | | following occurs, at which time the department shall close the |
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316 | 316 | | account and the unexpended or unencumbered balance shall revert |
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317 | 317 | | to the general fund: |
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318 | 318 | | (1) the parent withdraws the participating |
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319 | 319 | | student from the program; |
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320 | 320 | | (2) the student graduates from high school; or |
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321 | 321 | | (3) the account is closed by the department |
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322 | 322 | | because of misuse of funds as determined by the department. |
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323 | 323 | | H. The department shall revert unexpended or |
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324 | 324 | | unencumbered balances every two years unless it waives the |
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325 | 325 | | reversion of a specific education opportunity account for |
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326 | 326 | | extenuating circumstances. |
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327 | 327 | | I. Nothing in the Education Opportunity Account Act |
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328 | 328 | | .229415.2 |
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356 | 356 | | shall be construed to require a participating student to be |
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357 | 357 | | enrolled only in a private school, but the participating |
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358 | 358 | | student must be in compliance with the Attendance for Success |
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359 | 359 | | Act." |
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360 | 360 | | SECTION 4. A new section of the Public School Code is |
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361 | 361 | | enacted to read: |
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362 | 362 | | "[NEW MATERIAL] EDUCATION OPPORTUNITY ACCOUNT--APPLICATION |
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363 | 363 | | PROCESS--RENEWAL--SUSPENSION.-- |
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364 | 364 | | A. A parent may apply to the department to |
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365 | 365 | | establish an education opportunity account for an eligible |
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366 | 366 | | student. |
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367 | 367 | | B. The department shall accept and approve |
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368 | 368 | | applications year-round and shall establish procedures and |
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369 | 369 | | rules for approving applications in an expeditious manner. |
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370 | 370 | | C. The department shall create a standard form that |
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371 | 371 | | parents shall submit to establish a student's eligibility for |
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372 | 372 | | the program and shall ensure that the application is publicly |
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373 | 373 | | available and may be submitted through various sources, |
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374 | 374 | | including the internet. |
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375 | 375 | | D. The department shall approve an application for |
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376 | 376 | | an education opportunity account if: |
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377 | 377 | | (1) the parent submits an application for an |
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378 | 378 | | education opportunity account in accordance with the |
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379 | 379 | | application procedures established by the department; |
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380 | 380 | | (2) the student, on whose behalf the parent is |
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381 | 381 | | .229415.2 |
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409 | 409 | | applying, is an eligible student; |
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410 | 410 | | (3) funds are available for the program or the |
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411 | 411 | | education opportunity account; and |
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412 | 412 | | (4) the parent signs a contract with the |
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413 | 413 | | department agreeing: |
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414 | 414 | | (a) to provide an education for the |
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415 | 415 | | participating student in at least the subjects of reading, |
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416 | 416 | | language arts, mathematics, science and social studies; |
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417 | 417 | | (b) not to enroll the student as a |
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418 | 418 | | full-time student in a public school while participating in the |
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419 | 419 | | program; |
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420 | 420 | | (c) to use the funds in the education |
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421 | 421 | | opportunity account only for qualifying education expenses to |
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422 | 422 | | educate the student; and |
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423 | 423 | | (d) to comply with the rules and |
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424 | 424 | | requirements of the program. |
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425 | 425 | | E. The department shall annually renew a student's |
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426 | 426 | | education opportunity account if funds are available. |
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427 | 427 | | F. Upon notice to the department, a participating |
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428 | 428 | | student may choose to stop receiving education opportunity |
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429 | 429 | | account funding and enroll full time in a public school. |
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430 | 430 | | Enrolling as a full-time student in a public school shall |
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431 | 431 | | result in the immediate suspension of payment of additional |
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432 | 432 | | funds into the student's education opportunity account; |
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433 | 433 | | provided that, for education opportunity accounts that have |
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434 | 434 | | .229415.2 |
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435 | 435 | | - 8 - underscored material = new |
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462 | 462 | | been open for at least one full school year, the department may |
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463 | 463 | | allow an education opportunity account to remain open and |
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464 | 464 | | active for the parent to pay qualifying education expenses to |
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465 | 465 | | educate the student from money remaining in the account. The |
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466 | 466 | | department shall revert unexpended or unencumbered balances in |
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467 | 467 | | a student's education opportunity account and close the |
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468 | 468 | | education opportunity account at the beginning of the next |
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469 | 469 | | school year if the student is enrolled in a public school. |
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470 | 470 | | G. If an eligible student decides to return to the |
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471 | 471 | | program, payments into the student's education opportunity |
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472 | 472 | | account may resume if the education opportunity account is |
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473 | 473 | | still open and active. A new education opportunity account may |
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474 | 474 | | be established if the student's education opportunity account |
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475 | 475 | | is closed. |
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476 | 476 | | H. The department may adopt rules to provide the |
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477 | 477 | | least disruptive process for a student who chooses to stop |
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478 | 478 | | participating in the program and enroll full time in a public |
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479 | 479 | | school." |
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480 | 480 | | SECTION 5. A new section of the Public School Code is |
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481 | 481 | | enacted to read: |
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482 | 482 | | "[NEW MATERIAL] ADDITIONAL POWERS AND DUTIES--ALLOWABLE |
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483 | 483 | | USES OF FUNDS--EDUCATION SERVICE PROVIDERS.-- |
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484 | 484 | | A. The department shall: |
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485 | 485 | | (1) maintain an updated list of qualified |
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486 | 486 | | education service providers and ensure that the list is |
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487 | 487 | | .229415.2 |
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488 | 488 | | - 9 - underscored material = new |
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514 | 514 | | 25 |
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515 | 515 | | publicly available through various sources, including the |
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516 | 516 | | internet; |
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517 | 517 | | (2) provide parents with a written explanation |
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518 | 518 | | of the allowable uses of education opportunity account funds, |
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519 | 519 | | the responsibilities of parents in ensuring the education of |
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520 | 520 | | their children, the duties of the department and the role of |
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521 | 521 | | any private financial management firms or other private |
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522 | 522 | | organizations that the department may contract with to |
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523 | 523 | | administer the program or any aspect of the program; |
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524 | 524 | | (3) ensure that parents of students with |
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525 | 525 | | disabilities receive notice that participation in the program |
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526 | 526 | | is a parental placement pursuant to the federal Individuals |
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527 | 527 | | with Disabilities Education Act, along with an explanation of |
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528 | 528 | | the rights that parentally placed students may possess under |
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529 | 529 | | federal law and any applicable state laws and rules; |
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530 | 530 | | (4) implement a commercially viable, cost- |
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531 | 531 | | effective and user-friendly system for processing payments for |
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532 | 532 | | services from an education opportunity account to an education |
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533 | 533 | | service provider by electronic or online funds transfer; |
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534 | 534 | | provided that the department: |
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535 | 535 | | (a) provides flexibility to parents by |
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536 | 536 | | facilitating direct payments to education service providers as |
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537 | 537 | | well as requests for preapproval of and reimbursements for |
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538 | 538 | | qualifying education expenses; and |
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539 | 539 | | (b) may contract with private |
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568 | 568 | | institutions to develop the payment system; |
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569 | 569 | | (5) implement, as soon as practicable, a |
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570 | 570 | | commercially viable, cost-effective and user-friendly system, |
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571 | 571 | | as part of the same system that facilitates the electronic or |
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572 | 572 | | online funds transfers, for parents to publicly rate, review |
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573 | 573 | | and share information about education service providers; |
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574 | 574 | | (6) continue making deposits into a student's |
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575 | 575 | | education opportunity account until the: |
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576 | 576 | | (a) department has been notified or |
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577 | 577 | | determines that the student is no longer a participating |
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578 | 578 | | student; |
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579 | 579 | | (b) department determines that there was |
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580 | 580 | | misuse of the funds in the education opportunity account; |
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581 | 581 | | (c) student withdraws from the program; |
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582 | 582 | | (d) student enrolls full time in a |
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583 | 583 | | public school; or |
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584 | 584 | | (e) student graduates from high school; |
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585 | 585 | | (7) audit individual education opportunity |
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586 | 586 | | accounts; |
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587 | 587 | | (8) make a parent or participating student |
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588 | 588 | | ineligible for the program in the event of misuse of education |
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589 | 589 | | opportunity account funds; provided that if a parent is |
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590 | 590 | | determined to be ineligible for the program and the |
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591 | 591 | | participating student is free from personal misconduct, that |
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592 | 592 | | student may be eligible for an education opportunity account if |
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593 | 593 | | .229415.2 |
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621 | 621 | | placed with a new guardian or other person with the legal |
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622 | 622 | | authority to act on behalf of the student; |
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623 | 623 | | (9) refer suspected cases of misuse of |
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624 | 624 | | education opportunity account funds to law enforcement if |
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625 | 625 | | evidence of fraudulent use of education opportunity account |
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626 | 626 | | funds exists; |
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627 | 627 | | (10) create procedures to ensure that a fair |
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628 | 628 | | process exists to determine whether a misuse of education |
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629 | 629 | | opportunity account funds has occurred; and |
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630 | 630 | | (11) create procedures to ensure that a fair |
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631 | 631 | | process exists to determine whether an education service |
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632 | 632 | | provider may be barred from receiving payments from education |
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633 | 633 | | opportunity accounts; provided that an education service |
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634 | 634 | | provider may appeal the department's decision to bar the |
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635 | 635 | | education service provider from receiving payments from |
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636 | 636 | | education opportunity accounts; and provided further that if |
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637 | 637 | | the department bars an education service provider from |
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638 | 638 | | receiving payments, the department shall notify parents of |
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639 | 639 | | participating students of the department's decision. |
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640 | 640 | | B. The department may: |
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641 | 641 | | (1) contract with private organizations to |
---|
642 | 642 | | administer the program or specific functions of the program, |
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643 | 643 | | including contracting with private financial management firms |
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644 | 644 | | to manage education opportunity accounts; |
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645 | 645 | | (2) withhold from deposits or deduct from an |
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646 | 646 | | .229415.2 |
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674 | 674 | | education opportunity account an amount to cover the costs of |
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675 | 675 | | administering the program, in an amount up to a maximum of five |
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676 | 676 | | percent annually in the first two years of the program and up |
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677 | 677 | | to a maximum of three percent annually thereafter; |
---|
678 | 678 | | (3) bar an education service provider from |
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679 | 679 | | accepting payments from education opportunity accounts if the |
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680 | 680 | | department determines that the education service provider has: |
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681 | 681 | | (a) substantially misrepresented |
---|
682 | 682 | | information or failed to refund any overpayments in a timely |
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683 | 683 | | manner; or |
---|
684 | 684 | | (b) failed to provide participating |
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685 | 685 | | students with sufficient educational goods or services; |
---|
686 | 686 | | (4) accept gifts, grants and donations from |
---|
687 | 687 | | any source to cover administrative costs, to inform the public |
---|
688 | 688 | | about the program or to fund additional education opportunity |
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689 | 689 | | accounts; and |
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690 | 690 | | (5) adopt rules in accordance with the State |
---|
691 | 691 | | Rules Act that are consistent with the Education Opportunity |
---|
692 | 692 | | Account Act and necessary for the administration of that act, |
---|
693 | 693 | | including rules: |
---|
694 | 694 | | (a) establishing or contracting for the |
---|
695 | 695 | | establishment of an online anonymous fraud reporting service; |
---|
696 | 696 | | (b) establishing an anonymous telephone |
---|
697 | 697 | | hotline for fraud reporting; |
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698 | 698 | | (c) requiring a surety bond for |
---|
699 | 699 | | .229415.2 |
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727 | 727 | | education service providers receiving more than one hundred |
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728 | 728 | | thousand dollars ($100,000) in education opportunity account |
---|
729 | 729 | | funds; or |
---|
730 | 730 | | (d) for refunding payments from |
---|
731 | 731 | | education service providers to education opportunity accounts." |
---|
732 | 732 | | SECTION 6. A new section of the Public School Code is |
---|
733 | 733 | | enacted to read: |
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734 | 734 | | "[NEW MATERIAL] EDUCATION SERVICE PROVIDERS-- |
---|
735 | 735 | | APPLICATIONS--AUTONOMY--NOT ACTING FOR THE STATE.-- |
---|
736 | 736 | | A. The department by rule shall provide the |
---|
737 | 737 | | application process and procedures for prospective education |
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738 | 738 | | service providers to apply for listing as an eligible education |
---|
739 | 739 | | service provider. An application form signed by a prospective |
---|
740 | 740 | | education service provider warrants that the education service |
---|
741 | 741 | | provider: |
---|
742 | 742 | | (1) will not refund, rebate or share money |
---|
743 | 743 | | from education opportunity accounts with parents or |
---|
744 | 744 | | participating students and shall return refunds to the |
---|
745 | 745 | | department; and |
---|
746 | 746 | | (2) will provide the education services |
---|
747 | 747 | | contained in the agreement entered into with a parent. |
---|
748 | 748 | | B. An education service provider is not an agent of |
---|
749 | 749 | | the state or federal government, a local school board or school |
---|
750 | 750 | | district or governing authority or charter school. No action |
---|
751 | 751 | | of an education service provider shall be construed as an |
---|
752 | 752 | | .229415.2 |
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753 | 753 | | - 14 - underscored material = new |
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780 | 780 | | action by the state or any of its departments, institutions or |
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781 | 781 | | political subdivisions. |
---|
782 | 782 | | C. An education service provider shall not be |
---|
783 | 783 | | required to alter its creed, practices, admissions policy or |
---|
784 | 784 | | curriculum to accept payments pursuant to the Education |
---|
785 | 785 | | Opportunity Account Act except as provided in that act." |
---|
786 | 786 | | SECTION 7. A new section of the Public School Code is |
---|
787 | 787 | | enacted to read: |
---|
788 | 788 | | "[NEW MATERIAL] STUDENT RECORDS.--Upon being notified that |
---|
789 | 789 | | a participating student is enrolled with an education service |
---|
790 | 790 | | provider, a public school that previously enrolled the |
---|
791 | 791 | | participating student shall provide the education service |
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792 | 792 | | provider with the student's school records. The public school |
---|
793 | 793 | | and the education service provider shall comply with the |
---|
794 | 794 | | provisions of the federal Family Educational Rights and Privacy |
---|
795 | 795 | | Act of 1974 when sharing student records." |
---|
796 | 796 | | SECTION 8. A new section of the Public School Code is |
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797 | 797 | | enacted to read: |
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798 | 798 | | "[NEW MATERIAL] EDUCATION OPPORTUNITY REVIEW COMMISSION.-- |
---|
799 | 799 | | A. The department shall create the "education |
---|
800 | 800 | | opportunity review commission" to assist the department in |
---|
801 | 801 | | determining what expenditures meet the requirements to be |
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802 | 802 | | considered qualifying education expenses to educate a |
---|
803 | 803 | | participating student and to provide recommendations to the |
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804 | 804 | | department on how to implement, administer and improve the |
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805 | 805 | | .229415.2 |
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806 | 806 | | - 15 - underscored material = new |
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833 | 833 | | program. |
---|
834 | 834 | | B. The education opportunity review commission |
---|
835 | 835 | | shall consist of nine voting members who shall be: |
---|
836 | 836 | | (1) five parents of participating students and |
---|
837 | 837 | | represent no fewer than four counties of the state; and |
---|
838 | 838 | | (2) four New Mexico licensed educators. |
---|
839 | 839 | | C. The voting members shall be appointed by the |
---|
840 | 840 | | secretary and shall serve at the pleasure of the secretary. |
---|
841 | 841 | | The secretary, or the secretary's designee, shall serve as the |
---|
842 | 842 | | nonvoting chair of the education opportunity review commission. |
---|
843 | 843 | | D. The department may request that the education |
---|
844 | 844 | | opportunity review commission meet, in person or through a |
---|
845 | 845 | | virtual or telephonic platform, to: |
---|
846 | 846 | | (1) determine whether an expenditure from an |
---|
847 | 847 | | education opportunity account is or was a qualifying expense; |
---|
848 | 848 | | and |
---|
849 | 849 | | (2) review appeals of denials of an education |
---|
850 | 850 | | service provider and make a recommendation to the secretary. |
---|
851 | 851 | | E. When requested, the education opportunity review |
---|
852 | 852 | | commission shall, by majority vote, recommend to the |
---|
853 | 853 | | department: |
---|
854 | 854 | | (1) if a particular use of funds constitutes a |
---|
855 | 855 | | qualifying expense; and |
---|
856 | 856 | | (2) if an education service provider should be |
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857 | 857 | | allowed to receive, or continue receiving, payments from |
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858 | 858 | | .229415.2 |
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859 | 859 | | - 16 - underscored material = new |
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886 | 886 | | education opportunity accounts." |
---|
887 | 887 | | SECTION 9. A new section of the Public School Code is |
---|
888 | 888 | | enacted to read: |
---|
889 | 889 | | "[NEW MATERIAL] REPORT TO LEGISLATURE AND GOVERNOR.--The |
---|
890 | 890 | | department shall report to the legislature and the governor by |
---|
891 | 891 | | December 1 of each year on the program and its participants. |
---|
892 | 892 | | The report shall include the number, grades and ages of |
---|
893 | 893 | | participating students and where they attend school or receive |
---|
894 | 894 | | other educational services; the geographic distribution of |
---|
895 | 895 | | participating students by county; other demographic and |
---|
896 | 896 | | economic data about participating students and parents; the |
---|
897 | 897 | | number and locations of education service providers, the |
---|
898 | 898 | | services they provide and the number of students they serve; |
---|
899 | 899 | | the total amount of deposits into education opportunity |
---|
900 | 900 | | accounts and the cost of financial management contracts; the |
---|
901 | 901 | | total expenditures for education service providers and the |
---|
902 | 902 | | average cost of educational services being provided to |
---|
903 | 903 | | participating students, by type of service and geographic |
---|
904 | 904 | | region; and other information requested by the legislature or |
---|
905 | 905 | | governor and considered reportable by the department." |
---|
906 | 906 | | SECTION 10. A new section of the Public School Code is |
---|
907 | 907 | | enacted to read: |
---|
908 | 908 | | "[NEW MATERIAL] EDUCATION OPPORTUNITY ACCOUNT FUND-- |
---|
909 | 909 | | CREATED.-- |
---|
910 | 910 | | A. The "education opportunity account fund" is |
---|
911 | 911 | | .229415.2 |
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912 | 912 | | - 17 - underscored material = new |
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913 | 913 | | [bracketed material] = delete |
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939 | 939 | | created in the state treasury. The fund consists of money |
---|
940 | 940 | | appropriated by the legislature, federal money granted to the |
---|
941 | 941 | | state for the purposes of the fund, income from investment of |
---|
942 | 942 | | the fund and money otherwise accruing to the fund. Money in |
---|
943 | 943 | | the fund shall not revert to any other fund at the end of a |
---|
944 | 944 | | fiscal year. The department shall administer the fund, and |
---|
945 | 945 | | money in the fund is appropriated to the department to carry |
---|
946 | 946 | | out the purposes of the Education Opportunity Account Act. |
---|
947 | 947 | | B. Money in the fund shall be disbursed on warrants |
---|
948 | 948 | | signed by the secretary of the department pursuant to vouchers |
---|
949 | 949 | | signed by the secretary or the secretary's authorized |
---|
950 | 950 | | representative." |
---|
951 | 951 | | SECTION 11. APPROPRIATIONS.-- |
---|
952 | 952 | | A. The following amounts are appropriated from the |
---|
953 | 953 | | general fund to the education opportunity account fund for |
---|
954 | 954 | | expenditure in fiscal year 2025 and subsequent fiscal years for |
---|
955 | 955 | | the following purposes: |
---|
956 | 956 | | (1) five hundred eighty thousand dollars |
---|
957 | 957 | | ($580,000) for the public education department to administer |
---|
958 | 958 | | the education opportunity account program; and |
---|
959 | 959 | | (2) one hundred million dollars ($100,000,000) |
---|
960 | 960 | | to carry out the purposes of the Education Opportunity Account |
---|
961 | 961 | | Act. |
---|
962 | 962 | | B. Any unexpended or unencumbered balance remaining |
---|
963 | 963 | | at the end of a fiscal year shall not revert to the general |
---|
964 | 964 | | .229415.2 |
---|
965 | 965 | | - 18 - underscored material = new |
---|
966 | 966 | | [bracketed material] = delete |
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991 | 991 | | 25 |
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992 | 992 | | fund. |
---|
993 | 993 | | SECTION 12. SEVERABILITY.--If any part or application of |
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994 | 994 | | the Education Opportunity Account Act is held invalid, the |
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995 | 995 | | remainder or its application to other situations or persons |
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996 | 996 | | shall not be affected. |
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997 | 997 | | - 19 - |
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998 | 998 | | .229415.2 |
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