Establishes an education savings account program for eligible children.
The bill establishes an education savings account program to provide funding for approved education-related expenses of children participating in the program. Eligible children include those not enrolled in a public school or open-enrollment charter school. Participating parents must agree to use the funds only for approved expenses. The comptroller will disburse funds to certified educational assistance organizations, which will make payments to preapproved education service providers and vendors of educational products.
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