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LB 427

Require the State Treasurer to establish an educational savings account for students enrolled in kindergarten through grade twelve at an approved or accredited public, private, denominational, or parochial school

109th Legislature (2025-2026) Introduced by Bob Andersen

Bill 8 SummaryMain Purpose and Intent:- LB 427 would provide eligibility for students enrolled in approved or accredited public, private, denominational, or parochial schools to re

Title printed. Carryover bill
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Bill Summary · LB 427

Bill 8 Summary

Main Purpose and Intent:
- LB 427 would provide eligibility for students enrolled in approved or accredited public, private, denominational, or parochial schools to receive $1,500 per school year in an educational savings account.
- These funds may be used for a range of qualified educational expenses, including tuition, fees, textbooks, and other approved academic materials.

Key Provisions:
- Establishes educational savings accounts for eligible students enrolled in approved or accredited schools.
- Provides $1,500 per school year in the savings account for qualified educational expenses.
- The State Treasurer would operate the program, which may contract with a third party for management.

Affected Parties:
- Students enrolled in approved or accredited public, private, denominational, or parochial schools in Nebraska.
- The State Treasurer's office and the State Board of Education.

Procedural/Timeline Aspects:
- The bill has a notice of hearing scheduled for February 25, 2025.

Compiled from official sources — confirm details with the bill’s official record.

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