Establishes the preK promise account for early childhood education and assistance.

The bill creates the preK promise account in the custody of the state treasurer, dedicated to the early childhood education and assistance program. All receipts from gifts, grants, or donations for this purpose must be deposited into the account. Only the secretary can authorize expenditures from this account, which must support eligible children. The account is subject to allotment procedures but does not require an appropriation for expenditures. The bill also details earnings distribution and investment procedures for various state accounts and funds.

Establishes the preK promise account for early childhood education and assistance.

The bill creates the preK promise account in the custody of the state treasurer, dedicated to the early childhood education and assistance program. All receipts from gifts, grants, or donations for this purpose must be deposited into the account. Only the secretary can authorize expenditures from this account, which must support eligible children. The account is subject to allotment procedures but does not require an appropriation for expenditures. The bill also details earnings distribution and investment procedures for various state accounts and funds.