The bill amends the Code of West Virginia by adding a new section, 18-31-6a, which outlines the timing of payments for the Hope Scholarship Program. Specifically, it establishes a schedule for the annual required deposits into eligible recipients' Hope Scholarship accounts. Starting July 1, 2026, the bill mandates that the total annual deposit be divided into four equal parts, with each part due by specific dates: August 15, October 15, January 15, and April 15 of each year.

This new provision overrides the existing payment schedule outlined in section 18-31-6(d) of the code, ensuring that the deposits are made in a timely manner throughout the year. The bill is set to take effect 90 days after its passage, which is on June 12, 2026.

Statutes affected:
Originating in Committee: 18-31-6a
Engrossed Version: 18-31-6a
Enrolled Version: 18-31-6a