An Act To Create Education Savings Accounts for Maine Students
Sec. 1. 20-A MRSA §7303 is enacted to read:
§ 7303. Education savings accounts
The Treasurer of State, in consultation with the department, shall, in accordance with this section, establish education savings accounts, referred to in this section as "savings accounts." A savings account may be used by the parent or legal guardian of a child for educational purposes in accordance with subsection 3 for one school year and may be renewed for such use for subsequent years in accordance with subsection 2.
Rules adopted by the department under this subsection must provide for appropriate periodic review of educational entities certified under this subsection to ensure the adequacy of educational services provided by the entities. The rules must provide for the decertification of any entity the department finds not to be providing adequate educational services. The rules must also require the school administrative unit in which a child resides to provide any appropriate and necessary academic records to a certified educational entity at the request of the child's parent or legal guardian.
Rules adopted by the department pursuant to this subsection are routine technical rules as defined in Title 5, chapter 375, subchapter 2-A.
Sec. 2. 20-A MRSA §15689, sub-§14 is enacted to read:
This bill directs the Treasurer of State to establish education savings accounts that may be used by the parents or legal guardians of children to pay for the education of their children outside of the public school system. The funding for these savings accounts would come from shifting 90% of the essential programs and services funding that would otherwise be provided by the State and the school administrative unit for each child into a savings account. The bill specifies what educational expenditures are permitted and provides for review of spending from the accounts.