Establish the Nonchartered Educational Savings Account Program

SB 304 creates a new Nonchartered Educational Savings Account Program that allows parents of students enrolled in private schools not yet chartered by the state to open state-funded savings accounts. These accounts are intended to cover tuition and educational expenses like textbooks and curriculum materials, with funds managed by the Treasurer of State. To qualify, parents must apply annually by March and agree to keep their students in nonchartered private schools while participating in the program. The bill also establishes a complaint system for addressing violations and requires due process procedures, including hearings, before any penalties are imposed on noncompliant families or schools.