The "Wyoming Education Savings Accounts Act" establishes a program that enables parents of eligible students to create education savings accounts (ESAs) funded by the state, with each account receiving an annual deposit of $5,000 for various educational expenses. Eligibility is limited to Wyoming residents with a household income at or below 250% of the federal poverty level. Parents must enter into an agreement with the state superintendent to use the ESA funds for qualifying expenses while ensuring that students receive instruction in core subjects. The act also outlines the responsibilities of the state superintendent in administering the program, including the certification of education service providers and maintaining compliance with educational standards.

Additionally, the bill amends existing Wyoming law to clarify that children participating in the ESA program will meet compulsory attendance requirements and allows parents or guardians to apply on behalf of eligible children. It ensures that public schools remain accessible to all children and delineates the responsibilities of school districts regarding school operations and alternative schedules. The act appropriates $40 million from the general fund to support the ESA program, including funding for two full-time employees in the Department of Education. The state superintendent is tasked with adopting rules for student enrollment, with applications starting January 1, 2025, and the act set to take effect on July 1, 2024.

Statutes affected:
Introduced: 21-4-102, 21-4-301, 21-13-310