This bill amends the definition of "scholarship organization" in relation to education freedom accounts (EFAs) by allowing the Department of Education to select for-profit scholarship organizations. Specifically, it modifies RSA 194-F:1, XII to include the phrase "or a qualified entity approved by the department of education" alongside the existing requirement for approval under RSA 77:G. This change expands the types of organizations that can administer and implement the EFA Act, thereby increasing the options available for families seeking educational funding. The bill will take effect 60 days after its passage, providing a timeline for the Department of Education to begin the process of approving for-profit scholarship organizations as part of the EFA framework. The inclusion of for-profit entities aims to enhance competition and potentially improve the quality of educational options available to students and families participating in the EFA program.

Statutes affected:
Introduced: 194-F:1
HB1401 text: 194-F:1