House Bill No. 4024 proposes the establishment of a Child Care Scholarship Fund under a new Chapter 321 in the Labor Code. The Texas Workforce Commission (TWC) is tasked with creating and managing this fund to enhance scholarship opportunities for eligible families, thereby facilitating access to high-quality child care. The fund will be a special account in the state treasury, separate from the general revenue fund, and will consist of appropriated money, interest earned, and any gifts or donations received for its purpose. The TWC must seek approval for disbursements from the fund to ensure they are used to increase subsidized child care rates or the number of scholarships provided.

Additionally, the TWC is required to publish an annual report detailing the fund's effectiveness, including financial appropriations, usage statistics, and recommendations for improvement. The bill mandates that the TWC adopt necessary rules for administering the fund by January 1, 2026, and it is set to take effect on September 1, 2025.

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