HB 2795 Summary

• Increases the minimum percentage of annual revenues that school tuition organizations (STOs) must allocate to educational scholarships or tuition grants from 90% to 95%.

• Applies the 95% allocation requirement to contributions made under sections 20-224.06, 20-224.07, 43-1183, 43-1184, 43-1089, and 43-1089.03.

• Updates regulatory language in STO certification and operational requirements sections to reflect the higher allocation threshold and corrects technical terminology (e.g., "email" instead of "e-mail").

• Maintains existing prohibitions on STOs awarding scholarships based solely on donor recommendations and on simultaneous enrollment in public and private schools.