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ID H0170
Bill
Status
4/9/2015
Primary Sponsor
Education Committee
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AI Summary
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State Department of Education may enter into pay for success contracts for evidence-based programs designed to enhance student academic achievement with mutually agreed upon grade-level performance targets and efficacy standards.
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Contracts must include an external evaluator with expertise in education, program evaluation, data collection, and Idaho-specific academic performance scores to approve efficacy standards before contract execution.
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Third party administrator (SSAE-16 compliant firm or licensed firm) shall manage investor moneys, direct contract payments, ensure annual certified public accountant audits, and issue financial reports.
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Oversight committee consisting of state education department CFO, subject matter expert, state controller representative, and House and Senate education committee chairmen shall decide whether to enter negotiations and monitor all contracts.
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State Department of Education shall report to legislature by February 1 each year on all contracts entered, and State Board of Education may promulgate rules to implement the provisions.
Legislative Description
Adds to existing law to provide that the State Department of Education may enter into Pay for Success contracts, to provide contract requirements, to provide for an external evaluator, to provide for investor moneys, to provide for a third-party administrator, to establish an oversight committee, to provide reporting requirements and to grant rulemaking authority.
EDUCATION
Last Action
Reported Signed by Governor on April 9, 2015 Session Law Chapter 299 Effective: 07/01/2015
4/9/2015