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OK SB247
Bill
Status
2/3/2025
Primary Sponsor
Dusty Deevers
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AI Summary
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Creates the "Fund Students, Not Systems Act" establishing Education Savings Accounts (ESAs) administered by the State Department of Education for Oklahoma residents ages 5-18 (or up to 22 for students with disabilities under IDEA)
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ESA funding equals the total State Aid factors multiplied by applicable grade and disability weights, transferred quarterly to student accounts; unused funds accrue year to year
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Qualified expenses include tuition, instructional materials, tutoring, therapy services, standardized testing fees, technology center programs, extracurricular activities, and transportation costs up to $1,000 per year
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Private schools and homeschool families receiving ESA funds are exempt from state curriculum standards, accreditation requirements, teacher certification mandates, and financial auditing by the State Board of Education
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Applications due April 1 preceding the school year; Department must submit annual reports by December 31 starting in 2026 detailing total and average ESA allocations; effective date July 1, 2025
Legislative Description
Students; creating the Fund Students, Not Systems Act; providing for calculation of education savings account amount. Effective date. Emergency.
Last Action
Second Reading referred to Education Committee then to Appropriations Committee
2/4/2025