141.506 Application to establish an education opportunity account for eligible

383 words·~2 min read·/ky/141-506

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

students -- Renewal -- Process to cease funding student account. (See LRC

Note below)

(1)To establish an EOA for an eligible student, the parent shall submit an application

to an AGO.

(2)The AGO shall approve an application for an EOA if:

(a)An AGO verifies that the student on whose behalf the parent is applying is an

eligible student;

(b)Funds are available for the EOA; and

(c)The parent signs an agreement with the AGO:

1. To use the funds in the EOA only for the covered qualifying expenses;

2. Not to establish any other EOA for the eligible student with any other

AGO;

3. To comply with the rules and requirements of the EOA program; and

4. Not to use EOA funds to cover the cost of educational materials or

services if they are currently receiving the same types of materials or

services through the school district in which the student is enrolled.

(3)The AGO shall annually renew a student’s EOA if funds are available unless the

student’s family income has increased above two hundred fifty percent (250%) of

the amount of household income necessary to establish eligibility for reduced-price

meals based on size of household as determined annually by the United States

Department of Agriculture applicable to the Commonwealth, pursuant to 42 U.S.C.

secs. 1751 to 1789.

(4)In the event that an eligible student becomes ineligible for reasons other than fraud

or misuse of funds, the AGO may cease funding for the student’s EOA provided

that:

(a)The AGO immediately suspends payment of additional funds into the

student’s EOA. For EOAs that have been open for at least one

(1)full school

year, the EOA shall remain open and active for the parent to make qualifying

expenditures to educate the student from funds remaining in the EOA. When

no funds remain in the student’s EOA, the AGO may close the EOA;

(b)If a parent reapplies to the AGO and signs a new written agreement, payments

into the student’s existing EOA may resume if the EOA is still open and

active. A new EOA may be established if the student’s EOA was closed; and

(c)An AGO shall adopt policies to provide the least disruptive process possible

for EOA students desiring to leave the EOA program.