West Virginia HB5686 changes the schedule for annual payments into Hope Scholarship accounts.

West Virginia HB5686 modifies the timing of payments for the annual deposit into an eligible recipient’s Hope Scholarship account. Beginning July 1, 2026, the total annual deposit will be divided into four equal parts. Each quarter, one part will be deposited by specific deadlines: August 15, October 15, January 15, and April 15. This change aims to ensure more frequent and evenly spaced contributions to the scholarship accounts.

West Virginia HB5686 changes the schedule for annual payments into Hope Scholarship accounts.

West Virginia HB5686 modifies the timing of payments for the annual deposit into an eligible recipient’s Hope Scholarship account. Beginning July 1, 2026, the total annual deposit will be divided into four equal parts. Each quarter, one part will be deposited by specific deadlines: August 15, October 15, January 15, and April 15. This change aims to ensure more frequent and evenly spaced contributions to the scholarship accounts.