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Committee splits on oversight of Children’s Scholarship Fund; some senators want state control
Summary
The Senate Education Committee debated whether the Children’s Scholarship Fund and Education Tax Credit program should be moved from a nonprofit administrator to the Department of Education amid concerns over administrative fees, interest on held funds and documentation.
The Senate Education Committee spent significant time debating oversight and administration of the Children’s Scholarship Fund and the Education Tax Credit program after members raised concerns about administrative fees, financial transparency and who benefits from interest on deposited funds.
One senator urged moving administration of the scholarship program into the Department of Education to improve state oversight and ensure public accountability for funds that originate in the education trust. Committee members discussed whether the charitable nonprofit currently administering parts of the program has repeatedly…
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