CA SB 1203

Title: Education expenses: Education Flex Account Act of 2024.
Author: Shannon L. Grove

Summary
SB 1203, as introduced, Grove. Education expenses: Education Flex Account Act of 2024. (1) Existing law establishes a system of elementary and secondary education in this state. This system consists of the public and private schools that provide instruction in kindergarten and in grades 1 to 12, inclusive. This bill would enact the Education Flex Account Act of 2024 and establish the Education Flex Account (EFA) Trust, to be known as the EFA Trust, as a fund within the State Treasury to be administered by the EFA Trust Board. During the first 4 school years following the operative date of the act, the bill would authorize certain children eligible to be enrolled in kindergarten, or in an elementary or secondary school, in any of grades 1 to 12, inclusive, to establish an EFA or Special Education Flex Account (SEFA), based on parent or guardian income. The bill would remove these income eligibility limits after 4 school years following the operative date of the act, thereby entitling every child eligible to be enrolled in kindergarten, or in an elementary or secondary school, in any of grades 1 to 12, inclusive, to establish an EFA or SEFA. The bill would specify that every child enrolled in an eligible school shall be entitled, pursuant to this act, to a credit to the child’s account for tuition and elementary and secondary eligible education expenses, as defined. Commencing with the first fiscal year following the operative date of the act, the bill would require the Department of Finance to determine, on July 1 of each year, the annual EFA and SEFA deposit amounts for the upcoming school year. The bill would specify the procedure for calculating the EFA and SEFA deposit amounts and would require the Controller to transfer an amount of money from the General Fund to the EFA Trust equal to the sum of (1) the EFA deposit amount multiplied by the number of EFAs established, and (2) the SEFA deposit amount multiplied by the number of SEFAs established, as provided. The bill would require any unused funds remaining in an EFA or SEFA account on June 30 to be returned to the state for the benefit of elementary and secondary education, upon appropriation by the Legislature.The bill would require the EFA Trust Board to be composed of specified members and would vest the EFA Trust Board with certain powers and duties. The bill would establish 2 accounts within the EFA Trust, the EFA Trust Program Account and the EFA Trust Administrative Account, and would continuously appropriate the moneys in the program account to the EFA Trust Board for purposes of the bill, thereby making an appropriation.The bill would require the Superintendent of Public Instruction to establish a procedure for the parents and legal guardians of eligible students to apply to establish an EFA or SEFA and submit an executed participation agreement. The bill would authorize the EFA Trust Board to disburse funds from EFAs or SEFAs to eligible schools, defined as full-time private schools. The bill would specify the procedures for participating eligible schools to receive funds disbursed by the EFA Trust Board.(2) The Classroom Instructional Improvement and Accountability Act, an initiative approved by the voters as Proposition 98 at the November 8, 1988, statewide general election, amended the California Constitution to, among other things, set forth a formula for computing the minimum amount of revenues that the state is required to appropriate for the support of school districts and community college districts based on one of 3 tests in any given fiscal year, one of which is based on the percentage of General Fund revenues appropriated for school districts and community college districts, respectively, in the 1986–87 fiscal year, and 2 of which are based on, among other things, changes in enrollment.This bill would require the Legislature to recalculate that minimum education funding guarantee by including eligible students not enrolled in a public elementary or se

Status
Referred to Coms. on ED. and REV. & TAX.

Bill Documents
CA SB 1203 - 02/15/24 - Introduced
02/15/24 - CA SB 1203 (02/15/24 - Introduced)