Bill Text: MS SB3054 | 2021 | Regular Session | Introduced

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Bill Title: Stay on Track Education Fund; create.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Failed) 2021-02-24 - Died In Committee [SB3054 Detail]

Download: Mississippi-2021-SB3054-Introduced.html

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MISSISSIPPI LEGISLATURE

2021 Regular Session

To: Finance

By: Senator(s) McDaniel

Senate Bill 3054

AN ACT TO CREATE THE STAY ON TRACK EDUCATION FUND FOR THE PURPOSE OF PROVIDING A ONE-TIME $1,000.00 EDUCATIONAL SERVICES GRANT TO PARENTS TO ASSIST THEM IN PROVIDING SUPPLEMENTAL EDUCATIONAL SERVICES TO THEIR CHILDREN; AND FOR RELATED PURPOSES.

     BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MISSISSIPPI:

     SECTION 1.  This act shall be known and may be cited as the "Stay on Track Education Fund."

     SECTION 2.  (1)  (a)  To the extent permissible under federal law and subject to available federal funding, there shall be created a special fund to be designated as the "Stay on Track Education Fund" within the State Treasury.  The fund shall be maintained by the State Treasurer as a separate and special fund, separate and apart from the General Fund of the state.  Unexpended amounts remaining in the fund at the end of a fiscal year shall not lapse into the State General Fund, and any interest earned or investment earnings on amounts in the fund shall be deposited into the fund.

          (b)  The State Treasurer may use monies in the special fund for the purposes of providing a one-time educational services grant of One Thousand Dollars ($1,000.00) to parents to assist them in providing supplemental educational services to their children.

          (c)  Consistent with federal law, the State Treasurer shall:

               (i)  Set eligibility guidelines for eligible applicants;

               (ii)  Determine what educational services and expenses are permissible;

               (iii)  Adopt rules and policies necessary for the administration of the grants, including the auditing of grant expenditures, to ensure that funds are spent appropriately; and

               (iv)  Audit grant expenditures, and conduct or contract for random audits throughout the year.

     SECTION 3.  This act shall take effect and be in force from and after July 1, 2021.