Proposal would require quarterly public reports on education accounts

Define four roles and payment terms for the education freedom account program. The terms cover the state-designated program manager, parents or guardians who apply, approved recipients of account funds, and payments to parents or guardians for approved education expenses.

Require the program administrator to send quarterly reports and requested data to state officials and legislative committees. The administrator would report to the education commissioner, the named legislative oversight committee, and the listed Senate and House education committees. Reports must be posted on the education department's website. Reports must cover applications, student participation and backgrounds, payments, reimbursements, eligibility checks, and program spending and compliance. The administrator must provide requested information and data for a legislative audit. The education department may impose oversight or corrective action if reports are late or inaccurate. Reports would start with the quarter ending September 30, 2026, and continue each quarter. The administrator must send each report electronically within 30 days after the quarter ends.