S.B. No. 2 establishes an education savings account program in Texas, creating a new Subchapter J to Chapter 29 of the Education Code. This program aims to provide families with more educational options and enhance the general diffusion of knowledge. The bill defines key terms such as "Account," "Certified educational assistance organization," and "Participating child," and assigns the comptroller the responsibility of administering the program. It includes provisions for funding approved education-related expenses, eligibility criteria for children, and the selection of certified educational assistance organizations. The comptroller is also tasked with managing a program fund, executing contracts, and promoting the program through marketing efforts.

The bill outlines specific responsibilities for the comptroller, including establishing application deadlines, conducting lotteries for positions when demand exceeds funding, and creating a waiting list if necessary. It prioritizes children with disabilities and those from lower-income households in the application process. Additionally, the bill mandates that certified educational assistance organizations inform parents about the program and comply with confidentiality laws. It introduces new requirements for education service providers and vendors, detailing the types of expenses eligible for funding and ensuring compliance with program rules. The legislation also includes provisions for special education services, the confidentiality of student records, and oversight of education service providers, aiming to enhance access to educational resources while ensuring accountability and safety.

Statutes affected:
Introduced: Education Code 22.092, Government Code 411.109, Health and Safety Code 810.002 (Education Code 22, Health and Safety Code 810, Government Code 411)
Senate Committee Report: Education Code 22.092, Government Code 411.109, Health and Safety Code 810.002 (Education Code 22, Health and Safety Code 810, Government Code 411)
Engrossed: Education Code 22.092, Government Code 411.109, Health and Safety Code 810.002 (Education Code 22, Health and Safety Code 810, Government Code 411)
House Committee Report: Education Code 22.092, Government Code 411.109, Health and Safety Code 810.002 (Education Code 22, Health and Safety Code 810, Government Code 411)
Enrolled: Education Code 22.092, Government Code 411.109, Health and Safety Code 810.002 (Education Code 22, Health and Safety Code 810, Government Code 411)