This bill proposes the addition of a new article to the Code of West Virginia, specifically establishing the framework for the State Treasurer's participation in the federal tax credit scholarship program. The bill outlines the responsibilities of the State Treasurer, which include identifying qualified scholarship granting organizations, submitting an annual list of these organizations to the Secretary of the Treasury, and accepting applications from organizations seeking to be included on this list. Additionally, the bill defines what constitutes a qualified scholarship granting organization, an eligible school, and an eligible student, all of which must meet specific federal requirements.

Furthermore, the bill specifies that scholarship funds can be used for all elementary and secondary education expenses as permitted under federal regulations. The act is set to take effect upon passage, thereby enabling the State Treasurer to facilitate the federal tax credit scholarship program and support educational opportunities for students in West Virginia.

Statutes affected:
Introduced Version: 18-31A-1, 18-31A-2, 18-31A-3, 18-31A-4, 18-31A-5, 18-31A-6