§ 21-2-903 — Education savings accounts; steamboat legacy scholarship program account

Wyoming § 21-2-903

• Jurisdiction: Wyoming
• Title 21: Education
• Ch. 2: THE ADMINISTRATION OF THE STATE
• Art. 9: STEAMBOAT LEGACY SCHOLARSHIP ACT

Text

(a) For school year 2025-2026 and each school year
thereafter, the total amount to be deposited in an education
savings account each year shall be as follows:
(i) For students eligible for an ESA under W.S. 21-2-
904(a)(i), seven thousand dollars ($7,000.00);
(ii) For students eligible for an ESA under W.S. 21-
2-904(a)(ii), whose household income is equal to or less than
two hundred fifty percent (250%) of the federal poverty level
using the student's household income compared to the federal
poverty guidelines for the student's household size and income,
seven thousand dollars ($7,000.00).
(b) Payments to ESAs under this act shall be made by the
state superintendent of public instruction from the steamboat
legacy scholarship program account, which is hereby created. The
steamboat legacy scholarship program account shall consist of
funds transferred to the account and other funds appropriated by
the legislature to the account. All earnings from investment of
the steamboat legacy scholarship program account shall be
credited to the account. Any unencumbered, unobligated balance
of the steamboat legacy scholarship program account at the end
of each fiscal year shall not revert but shall remain in the
account and shall be expended to fund ESAs as provided by this
act.
(c) Payments to each approved ESA shall be disbursed on a
quarterly basis by the state superintendent or another state
agency or person designated by the state superintendent to
administer and disburse funds to education savings accounts.
(d) The ESA program shall not be funded with county, city
or school district tax revenues.