Modifies provisions relating to the statewide assessment system

HB 1123 (not related to assessments, as its title incorrectly states) establishes new rules for Missouri's scholarship programs administered by educational assistance organizations. It requires these organizations to verify tax-exempt status, distribute funds in a specific priority order (favoring prior recipients, students with disabilities/IEPs, low-income students, and military dependents), and limit administrative costs to strict percentages of revenue. The bill mandates that at least 90% of contributions go directly to scholarship accounts, with payments made quarterly or as a lump sum based on state funding targets. This directly affects scholarship organizations, eligible students (including those with disabilities, military ties, or low-income status), and their families.