TO INCREASE FISCAL RESPONSIBILITY THROUGH THE ESTABLISHMENT OF INCOME LIMITS FOR STUDENTS ELIGIBLE FOR EDUCATIONAL FREEDOM ACCOUNTS IN THE 2025-2026 SCHOOL YEAR AND THEREAFTER.

HB 1761 establishes income limits for student eligibility in the Arkansas Children's Educational Freedom Account Program, affecting families seeking these educational accounts starting with the 2025-2026 school year. Under the bill, full eligibility would be granted to students from families with gross incomes up to 250% of the federal poverty level. Students from families earning between 250% and 350% of the federal poverty level would receive 50% of the per-student funding, and those between 350% and 400% would receive 25%. The bill also includes a provision to grandfather in students who were already participating in the program during the 2024-2025 school year.