HB452 Summary: Parent's Choice Act

• Creates the Parent's Choice Program to establish education savings accounts allowing parents to fund their K-12 eligible student's education expenses at participating schools and education service providers starting in the 2023-2024 school year.

• Establishes a Parent's Choice Board consisting of the Treasurer, State Finance Director, State Auditor, a representative from Alabama Disabilities Advocacy Program, and four parent-appointed members to administer the program and approve/deny expenditures.

• Funds each eligible student with 100 percent of the Education Trust Fund's prior year Foundation Program Fund share, with deposits made in two installments (August 1 and January 1) and unused funds carrying over annually upon renewal.

• Specifies 15 categories of qualifying expenses including tuition at participating schools, tutoring, educational therapies, curriculum materials, technology, online learning, vocational training, and college fees, with funds remaining the property of the student account and non-refundable to parents.

• Phases in student eligibility between 2023-2027 based on income (500 percent of federal poverty level) and grade level, requires annual renewal by June 1, and mandates auditing of accounts and education service providers with authority to suspend or bar providers found to have committed fraud or misrepresentation.