Students; creating the Fund Students, Not Systems Act; providing for calculation of education savings account amount. Effective date. Emergency.

SB 247 creates the "Fund Students, Not Systems Education Savings Account Program" in Oklahoma, allowing eligible students (ages 5-18, including some with disabilities) to receive state education funds for qualified expenses. The State Department of Education calculates ESA amounts based on each student’s school district’s state aid factors, then transfers funds quarterly to cover approved costs like tuition, textbooks, therapy, and field trips. Families apply annually by April 1 to choose participating schools (public, private, charter, or homeschool), with funds restricted to specific educational services listed in the bill. The program aims to provide parental choice while requiring no new oversight for private schools or homeschools, though it does not change public school funding levels.