No. SB 2514
Filed under Education.
Pre-K-12 Education; Revising conditions under which a specified scholarship account’s funds revert to the state; providing a supplement for districts that have a decline in enrollment; requiring that fiscally constrained districts receive a higher calculation than non-fiscally constrained districts, etc.
Plain English Summary
AI-GENERATEDScholarship accounts revert to the state on December 31, 2026, replacing the prior one-year inactivity rule.
Districts losing students receive a new funding supplement based on the percentage of enrollment decline.
Fiscally constrained districts must receive a higher percentage multiplier than other districts in the supplement calculation.
AIReplaces the one-year inactivity trigger with a fixed calendar date, causing accounts to revert to the state on December 31, 2026, regardless of activity status.
AIAdds a new funding formula that provides additional state money to districts experiencing a drop in student enrollment.
AIRequires that the enrollment decline percentage applied to fiscally constrained districts be higher than the percentage applied to non-fiscally constrained districts.