The "Fund Students, Not Systems Act" establishes a new Education Savings Account (ESA) Program administered by the State Department of Education, aimed at providing families with more educational options while enhancing public school performance. The Act defines key terms, outlines application procedures for families seeking an ESA, and mandates that the State Board of Education create timelines for application approvals. It also specifies how the amount for each ESA will be calculated based on state aid factors and allows for the accrual of unused funds. The Act emphasizes that it will not impose additional requirements on private schools or homeschool families, ensuring their autonomy and independence.

Additionally, the Act requires the State Department of Education to submit an annual report detailing the funds allocated to ESAs, which the Legislature can use to adjust public school funding. The provisions of the Act are designed to support diverse educational needs and improve student outcomes across various educational settings. The Act will take effect on July 1, 2025, and includes a severability clause to ensure that if any part is deemed void, the remaining provisions will still stand.