Vote Smart's Synopsis:

Vote to pass a bill that increases student access to education savings accounts.

Highlights:

• Establishes criteria for eligible students, including residency, age, and income requirements (Page 2).

• Establishes Education Scholarship Trust Fund  “consisting of monies appropriated to the department to provide scholarships to eligible students for qualifying expenses” (Page 5).

• Authorizes transfer of $6,000 per approved Fund applicant (Page 5).

• Authorizes rollover of unused funds (Page 6).

• Requires certification of list of approved education service providers (Page 7).

• Prohibits General Assembly members or members’ immediate families from having financial interest in education service provider (Page 10).

• Establishes ESTF Review Panel (Page 11).

Full Bill Text