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Witnesses press for more transparency in contractor that runs state scholarship and EFA programs
Summary
Public testimony on HB 483 focused on the Children’s Scholarship Fund’s organizational structure and the transparency of administrative fees; sponsor Representative David Luno said the bill would require the state scholarship organization to be incorporated in New Hampshire and to file standalone financials.
Representative David Luno told the committee HB 483 would change the definition of “scholarship organization” in RSA 77‑G so the nonprofit that administers the Education Tax Credit (ETC) and Education Freedom Account (EFA) programs is a New Hampshire‑incorporated entity and files an independent IRS Form 990 that separates New Hampshire program funds and administrative costs.
The bill’s sponsor said the current administrator operates as the Children’s Scholarship Fund of New York and does business in New Hampshire as a d/b/a; he said that arrangement makes it difficult for New Hampshire to see how taxpayer funds appropriated for the EFA program (about $75 million appropriated through the first four years, the sponsor testified) are used and whether administrative fees are spent in New Hampshire or…
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