The state would end the education savings account program and move its leftover money to the general fund
What it does
HB 646 would repeal the education savings account program in the Education Code. On the day the law takes effect, the program fund would be abolished and its unencumbered balance would be moved to the state's general revenue fund. Money already put into an education savings account for the 2026-2027 school year would stay under the old rules, and money promised under contracts signed before the law takes effect would be held in trust by the comptroller. The bill would also remove the comptroller's office from the state agencies that can ask for federal and state criminal history records, and would let interest earned on certification revenue be used for general state purposes.
What it means for your community
If your family set aside money in one of these accounts for the 2026-2027 school year, the bill keeps the old rules in place for that money. Any money still sitting in the program fund would go to the general fund instead of staying with the program. The bill would take effect right away only if it gets a two-thirds vote in each house; otherwise it would start September 1, 2027. The bill would also narrow the confidentiality of misconduct records for staff of education providers and change required misconduct reporting to cover private schools.
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