Bill Status of HB 1573   103rd General Assembly

Short Description:  EDUCATION SAVINGS ACCOUNT PROG

House Sponsors
Rep. Adam M. Niemerg, Randy E. Frese, Martin McLaughlin, Chris Miller and Brad Halbrook

Last Action  View All Actions

DateChamber Action
  1/7/2025HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act

Synopsis As Introduced
Creates the Education Savings Account Act. Requires the State Board of Education to create the Education Savings Account Program. Provides that a parent of an eligible student (defined as any elementary or secondary student who was eligible to attend a public school in this State in the preceding semester or is starting school in this State for the first time and who is a member of a household whose total annual income does not exceed an amount equal to 2.5 times the income standard used to qualify for a free or reduced-price lunch under the national free or reduced-price lunch program) shall qualify for the State Board to make a grant to his or her child's Education Savings Account by signing an agreement. Requires the State Board to deposit into an Education Savings Account some or all of the State aid under the State aid formula provisions of the School Code that would otherwise have been provided to the resident school district for the eligible student had the student enrolled in the resident school district. Provides that parents participating in the Program shall agree to use the funds deposited in their eligible students' accounts for certain qualifying expenses to educate the eligible student. Sets forth provisions concerning the calculation of grant amounts and other basic elements of the Program, administration of the Program, accountability standards for participating schools, and the responsibilities of the State Board and resident school districts.

Actions 
DateChamber Action
  1/30/2023HouseFiled with the Clerk by Rep. Adam M. Niemerg
  1/31/2023HouseAdded Co-Sponsor Rep. Randy E. Frese
  1/31/2023HouseAdded Co-Sponsor Rep. Martin McLaughlin
  1/31/2023HouseAdded Co-Sponsor Rep. Chris Miller
  1/31/2023HouseFirst Reading
  1/31/2023HouseReferred to Rules Committee
  2/28/2023HouseAssigned to Appropriations-Elementary & Secondary Education Committee
  3/10/2023HouseCommittee/3rd Reading Deadline Extended-Rule May 19, 2023
  3/28/2023HouseAdded Co-Sponsor Rep. Brad Halbrook
  5/19/2023HouseRule 19(a) / Re-referred to Rules Committee
  1/7/2025HouseSession Sine Die

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