S.B. No. 2 establishes an education savings account program in Texas, creating a new subchapter in the Education Code that outlines the program's definitions, framework, and administration by the comptroller. The program aims to provide families with additional educational options and includes funding for approved education-related expenses for participating children. Key provisions include eligibility criteria, an application process, and a priority system for funding, particularly for children previously enrolled in school districts or charter schools. The comptroller is also responsible for marketing the program and ensuring compliance with a spending limit of $1 billion for the state fiscal biennium beginning September 1, 2025.

The bill introduces new requirements for education service providers and vendors, including adherence to a disbursement schedule and compliance with program regulations. It specifies allowable education-related expenses and prohibits the use of funds for payments to relatives of participants. Additionally, the bill mandates transparency measures, such as informing parents about the rights of children with disabilities and ensuring the confidentiality of student records. It also includes provisions for evaluating children not enrolled in public schools for special education services and establishes guidelines for the oversight of education service providers. The act is set to take effect immediately upon a two-thirds vote or on September 1, 2025, if that threshold is not met.

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