Bill Summary – FastDemocracy

   
      88(4) SB 1 - Engrossed version - Bill Text
      
		By:  Creighton, et al.
            S.B.  No.  1
         
               A BILL TO BE ENTITLED
            
               AN ACT
            
            relating to the establishment of an education savings account 
         
            program.
         
                          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
         
                          SECTION  1.    The purpose of this Act is to:
         
                                      (1)    provide additional educational options to assist 
         
            families in this state in exercising the right to direct the 
         
            educational needs of their children; and
         
                                      (2)    achieve a general diffusion of knowledge.
         
                          SECTION  2.    Chapter 29, Education Code, is amended by adding 
         
            Subchapter J to read as follows:
         
            SUBCHAPTER J.  EDUCATION SAVINGS ACCOUNT PROGRAM
         
                          Sec.  29.351.    DEFINITIONS.  In this subchapter:
         
                                      (1)    "Account" means an education savings account 
         
            established under the program.
         
                                      (2)    "Certified educational assistance organization" 
         
            means an organization certified under Section 29.354 to support the 
         
            administration of the program.
         
                                      (3)    "Child with a disability" means a child who is 
         
            eligible to participate in a school district's special education 
         
            program under Section 29.003.
         
                                      (4)    "Higher education provider" means an institution 
         
            of higher education or a private or independent institution of 
         
            higher education, as those terms are defined by Section 61.003.
         
                                      (5)    "Parent" means a resident of this state who is a 
         
            natural or adoptive parent, managing or possessory conservator, 
         
            legal guardian, custodian, or other person with legal authority to 
         
            act on behalf of a child.
         
                                      (6)    "Participating child" means a child enrolled in 
         
            the program.
         
                                      (7)    "Participating parent" means a parent of a 
         
            participating child.
         
                                      (8)    "Program" means the program established under this 
         
            subchapter.
         
                                      (9)    "Program participant" means a participating child 
         
            or a participating parent.
         
                          Sec.  29.352.    ESTABLISHMENT OF PROGRAM.  The comptroller 
         
            shall establish a program to provide funding for approved 
         
            education-related expenses of children participating in the 
         
            program.
         
                          Sec.  29.353.    PROGRAM FUND.  (a)  The program fund is an 
         
            account in the general revenue fund to be administered by the 
         
            comptroller.
         
                          (b)    The fund is composed of:
         
                                      (1)    general revenue transferred to the fund;
         
                                      (2)    money appropriated to the fund;
         
                                      (3)    gifts, grants, and donations received under 
         
            Section 29.370; and
         
                                      (4)    any other money available for purposes of the 
         
            program.
         
                          (c)    Money in the fund may be appropriated only for the uses 
         
            specified by this subchapter.
         
                          Sec.  29.3535.    PROMOTION OF PROGRAM.   Notwithstanding 
         
            Chapter 2113, Government Code, the comptroller or the comptroller's 
         
            designee may enter into contracts or agreements and engage in 
         
            marketing, advertising, and other activities to promote, market, 
         
            and advertise the development and use of the program.   The 
         
            comptroller may use money from the program fund to pay for 
         
            activities authorized under this section.
         
                          Sec.  29.354.    SELECTION OF CERTIFIED EDUCATIONAL ASSISTANCE 
         
            ORGANIZATIONS.  (a)  An organization may apply to the comptroller 
         
            for certification as a certified educational assistance 
         
            organization during an application period established by the 
         
            comptroller.
         
                          (b)    To be eligible for certification, an organization must:
         
                                      (1)    have the ability to perform one or
Statutes affected: 
Introduced: Education Code 22.092, Government Code 411.109 (Education Code 22, Government Code 411)
Engrossed: Education Code 22.092, Government Code 411.109 (Education Code 22, Government Code 411)


	A BILL TO BE ENTITLED
	AN ACT
	relating to the establishment of an education savings account
	program.
	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
	SECTION 1. The purpose of this Act is to:
	(1) provide additional educational options to assist
	families in this state in exercising the right to direct the
	educational needs of their children; and
	(2) achieve a general diffusion of knowledge.
	SECTION 2. Chapter 29, Education Code, is amended by adding
	Subchapter J to read as follows:
	SUBCHAPTER J. EDUCATION SAVINGS ACCOUNT PROGRAM
	Sec. 29.351. DEFINITIONS. In this subchapter:
	(1) "Account" means an education savings account
	established under the program.
	(2) "Certified educational assistance organization"
	means an organization certified under Section 29.354 to support the
	administration of the program.
	(3) "Child with a disability" means a child who is
	eligible to participate in a school district's special education
	program under Section 29.003.
	(4) "Higher education provider" means an institution
	of higher education or a private or independent institution of
	higher education, as those terms are defined by Section 61.003.
	(5) "Parent" means a resident of this state who is a
	natural or adoptive parent, managing or possessory conservator,
	legal guardian, custodian, or other person with legal authority to
	act on behalf of a child.
	(6) "Participating child" means a child enrolled in
	the program.
	(7) "Participating parent" means a parent of a
	participating child.
	(8) "Program" means the program established under this
	subchapter.
	(9) "Program participant" means a participating child
	or a participating parent.
	Sec. 29.352. ESTABLISHMENT OF PROGRAM. The comptroller
	shall establish a program to provide funding for approved
	education-related expenses of children participating in the
	program.
	Sec. 29.353. PROGRAM FUND. (a) The program fund is an
	account in the general revenue fund to be administered by the
	comptroller.
	(b) The fund is composed of:
	(1) general revenue transferred to the fund;
	(2) money appropriated to the fund;
	(3) gifts, grants, and donations received under
	Section 29.370; and
	(4) any other money available for purposes of the
	program.
	(c) Money in the fund may be appropriated only for the uses
	specified by this subchapter.
	Sec. 29.3535. PROMOTION OF PROGRAM. Notwithstanding
	Chapter 2113, Government Code, the comptroller or the comptroller's
	designee may enter into contracts or agreements and engage in
	marketing, advertising, and other activities to promote, market,
	and advertise the development and use of the program. The
	comptroller may use money from the program fund to pay for
	activities authorized under this section.
	Sec. 29.354. SELECTION OF CERTIFIED EDUCATIONAL ASSISTANCE
	ORGANIZATIONS. (a) An organization may apply to the comptroller
	for certification as a certified educational assistance
	organization during an application period established by the
	comptroller.
	(b) To be eligible for certification, an organization must:
	(1) have the ability to perform one or Statutes affected: Introduced: Education Code 22.092, Government Code 411.109 (Education Code 22, Government Code 411) Engrossed: Education Code 22.092, Government Code 411.109 (Education Code 22, Government Code 411)