This bill amends the existing law regarding education freedom accounts (EFAs) by expanding eligibility and modifying application processes. Notably, it removes the household income threshold that previously limited eligibility to students from families earning less than or equal to 350% of the federal poverty guidelines. The bill also introduces new definitions, such as "priority guidelines," which prioritize enrollment for current EFA students, their siblings, children with disabilities, and those from lower-income families. Additionally, it establishes an enrollment cap of 10,000 students for the 2025-2026 school year, with provisions for increasing this cap by 25% in subsequent years if prior enrollment exceeds 90% of the cap.

Furthermore, the bill alters the application process for EFAs by allowing parents to apply on a rolling basis rather than being restricted to specific semesters. It also ensures that priority guideline students are not subject to the enrollment cap and can be enrolled continuously. The bill repeals certain definitions and eligibility criteria related to EFAs, streamlining the process and making it more accessible. The effective date for the changes will be contingent upon the Department of Education certifying that student applications have not exceeded the enrollment cap for two consecutive school years, with the remainder of the act taking effect upon passage.

Statutes affected:
Introduced: 194-F:1
As Amended by the Senate: 194-F:1, 194-F:3, 194-F:4
As Amended by the House: 194-F:1, 194-F:3, 194-F:4
As Amended by the House (2nd): 194-F:1, 194-F:3
Version adopted by both bodies: 194-F:1, 194-F:3
CHAPTERED FINAL VERSION: 194-F:1, 194-F:3