This bill mandates that the education freedom account administrator must seek bids for contracts to oversee and operate the state's education freedom account program every three years. The proposed changes to the law include the insertion of the phrase "and seek multiple contract bids from" to emphasize the requirement for competitive bidding, as well as the specification that this process must occur "every 3 years."

Additionally, the bill amends the existing law by removing the previous language that did not specify the frequency of contract bidding, thereby ensuring a more structured and regular review of the contracts involved in the education freedom account program. The bill is set to take effect 60 days after its passage.

Statutes affected:
Introduced: 21-N:7-a
SB533 text: 21-N:7-a