Relating to participating in the federal tax credit scholarship program

The State Treasurer's duties to administer the federal tax credit scholarship program were removed.

The Secretary of Commerce was assigned the duties to administer the federal tax credit scholarship program, including identifying organizations and submitting lists.

The bill's title was updated to reflect the change in the administering agency from the Treasurer to the Secretary of Commerce.

A new section was added to specify that the Act takes effect upon passage.

Changed the Treasurer's obligation from 'participate' to 'requiring the Treasurer to participate,' making the action mandatory rather than discretionary.

Replaced the word 'rules' with 'policies' in the section regarding administrative procedures for listing scholarship organizations.

Removed raw legislative markup symbols (such as line numbers, strike-throughs, and deletion markers) and replaced them with a clean, formatted text layout.

The deadline for the State Treasurer to submit and publish the list of qualified scholarship organizations was changed from December 1 to January 1 each year.

The requirement for the State Treasurer to establish 'rules' for the listing process was changed to establish 'policies'.

A new subsection (b) was added stating that the section takes effect upon passage, replacing the previous standalone effective date section.

The bill was consolidated from six separate sections into one article, removing the distinct sections for eligible schools and students while keeping the core requirements intact.