S.B. No. 2 proposes the creation of an education savings account program in Texas, aimed at providing families with more educational options and enhancing knowledge dissemination. The bill introduces a new subchapter to the Education Code, defining key terms and assigning the comptroller the responsibility of establishing and administering the program. It outlines eligibility criteria for children, the application process, and the role of certified educational assistance organizations in managing applications and funds. The bill emphasizes cybersecurity and identity theft protection for these organizations and mandates annual information sharing with parents.

Additionally, the bill details allowable expenditures for program funds, including textbooks, instructional materials, and tutoring, while prohibiting the use of funds for online education services or tuition at out-of-state campuses. It establishes a framework for account management, including the suspension of accounts for non-compliance and the recovery of improperly used funds. The bill also requires demographic data collection from participating children, outlines an appeal process for administrative decisions, and ensures the comptroller's access to criminal history information for educational service providers. The provisions are set to take effect for the 2026-2027 school year, with rules to be adopted by May 15, 2026.

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