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MS HB780
Bill
Status
3/5/2013
Primary Sponsor
Toby Barker
Click for details
AI Summary
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Creates a special fund in the State Treasury called the Early Care and Education Voucher Program Fund to provide vouchers to parents for early learning instruction at qualified licensed early care and education centers.
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Monies in the fund shall be used by the State Department of Education, upon appropriation by the Legislature, to pay for early learning vouchers for eligible children.
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Investment income from the fund shall remain in the fund, and any unspent monies shall not lapse into the State General Fund at fiscal year end.
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Amends Section 27-103-213 to redirect the first $750,000 of the annual unencumbered General Fund cash balance to the Early Care and Education Voucher Program Fund instead of the Municipal Revolving Fund.
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Becomes effective July 1, 2013.
Legislative Description
Early Care & Education Voucher Program Fund; create in State Treasury and fund from General Fund ending cash balance.
Last Action
Died In Committee
3/5/2013