Education (Student Financial Aid)

This bill establishes the Student Choice Grant Program by creating a new section (3333.27) in Ohio's Revised Code and includes funding through an appropriation. It directly affects eligible students in Ohio by providing financial assistance for educational expenses, though the abstract does not specify qualifying criteria or program administration details. The key mechanism is the creation of a state-funded grant program, but the provided context lacks specifics on eligibility, funding amounts, or distribution processes. No further details about who qualifies or how grants would operate are included in the abstract.

SB 48 amends Ohio law to require the Auditor of State to annually audit all public funds received by chartered nonpublic schools. It specifically mandates audits of funds from three sources: the educational choice scholarship program, administrative cost reimbursements, and auxiliary services reimbursements. The bill directly affects chartered nonpublic schools that receive state funds, requiring them to undergo annual financial reviews of these specific public money accounts. The law repeals the previous auditing provision and defines "public money" to include these three fund types for audit purposes. This creates a standardized annual audit process for public funds in chartered nonpublic schools.