This bill introduces new definitions and reporting requirements related to education freedom accounts (EFAs). It amends RSA 194-F:1 by adding definitions for "program administrator," "applicant," "vendor," and "reimbursements." The program administrator is defined as the entity designated by the state department of education to manage the EFA program, while the applicant refers to a parent or guardian applying for an EFA. The bill also specifies that reimbursements are payments made to parents or guardians for approved education-related expenses.

Additionally, the bill establishes a new section, RSA 194-F:13, which mandates quarterly reporting by the program administrator starting from the quarter ending September 30, 2026. The reports must include detailed information such as the number of applications submitted and approved, student withdrawals, total distributions by vendors, and demographic profiles of students. The program administrator is required to submit these reports electronically within 30 days after each quarter, and they must be made publicly available on the department of education’s website. Failure to comply with these reporting requirements may result in oversight and corrective actions by the department of education.

Statutes affected:
Introduced: 194-F:1
HB1578 text: 194-F:1