amending the meaning of scholarship organization as it pertains to education freedom accounts.

HB 1401 expands the definition of "scholarship organization" for New Hampshire's Education Freedom Accounts (EFAs) to include for-profit entities approved by the Department of Education. This change directly affects families using EFAs, as it allows for-profit organizations - not just non-profits - to administer and implement the program. The key provision amends RSA 194-F:1 by adding "a qualified entity approved by the department of education" to the definition of eligible scholarship organizations. The bill does not alter eligibility for EFA funds but changes who can manage the scholarship distribution process. It takes effect 60 days after passage.