SB 533

Abstract

Education Excellence for All Program established.Permits the parents of qualified students, defined in the bill, toapply for a one-year, renewable Education Excellence for All SavingsAccount, defined in the bill, that consists of an amount that isequivalent to a certain percentage of all applicable annual Standardsof Quality per pupil state funds appropriated for public school purposesand apportioned to the school division in which the qualified studentresides, including the per pupil share of state sales tax fundingin basic aid and any per pupil share of state special education fundingfor which the qualified student is eligible. The bill permits theparent of the qualified student to use the moneys in such accountfor certain qualified expenses of the qualified student, includingtuition, deposits, fees, and required textbooks at a private elementaryschool or secondary school that is located in the Commonwealth. Thebill also contains provisions relating to program and account administrationby the Department of the Treasury and a third party that serves asprogram administrator pursuant to a contract with the Department.