HB 5959 Summary

• Establishes the "Paraprofessional to Teacher Pathways Grant Fund Act" to create a financial aid program for educational paraprofessionals in K-12 schools pursuing postsecondary degrees in teaching-related fields.

• Creates a dedicated fund within the state treasury to receive money from any source, with the State Treasurer responsible for investment management and crediting interest earnings to the fund.

• Designates the Department of Education as the fund administrator for auditing purposes and authorizes expenditures only for awarding grants under the paraprofessional to teacher pathways grant program.

• Provides that unspent fund money does not revert to the general fund at fiscal year-end but remains available for future grant distributions.

• Takes effect only upon enactment of companion Senate or House Bill No. ____ (request no. 01975'19).