The bill amends the Florida Tax Credit Scholarship Program by removing the requirement for certain program funds to revert to the state. Specifically, it modifies paragraphs (g) and (h) of subsection (11) of section 1002.395, Florida Statutes. The changes allow reimbursements for program expenditures to continue until the account balance is fully expended without the need for remaining funds to revert to the state.

Additionally, the bill outlines conditions under which a student's scholarship account must be closed, including instances of fraud or abuse, inactivity for two consecutive fiscal years, or if the student is unenrolled in an eligible private school for 30 days while receiving a scholarship that mandates full-time enrollment. The act is set to take effect on July 1, 2026.