Revise equal opportunity education savings account funding

SB 486 revises the funding mechanism for the Montana Special Needs Equal Opportunity Education Savings Account program. Currently, resident school districts are required to remit a portion of their state education aid to the Office of Public Instruction (OPI) for students participating in the program. This bill allows a school district to elect to have the OPI pay this remittance amount in the first year a student participates in the program within that district. If this option is chosen, the OPI will later reduce the school district's state aid payment by the initial amount, adjusted for inflation, once the student is no longer participating in the program in that district.