(a) For school year 2025-2026 and each school year thereafter, the total amount to be deposited in an education savings account each year shall be as follows: (i) For students eligible for an ESA under W.S. 21-2- 904(a)(i), seven thousand dollars ($7,000.00); (ii) For students eligible for an ESA under W.S. 21- 2-904(a)(ii), whose household income is equal to or less than two hundred fifty percent (250%) of the federal poverty level using the student's household income compared to the federal poverty guidelines for the student's household size and income, seven thousand dollars ($7,000.00). (b) Payments to ESAs under this act shall be made by the state superintendent of public instruction from the steamboat legacy scholarship program account, which is hereby created. The steamboat legacy scholarship program account shall consist of funds transferred to the account and other funds appropriated by the legislature to the account. All earnings from investment of the steamboat legacy scholarship program account shall be credited to the account. Any unencumbered, unobligated balance of the steamboat legacy scholarship program account at the end of each fiscal year shall not revert but shall remain in the account and shall be expended to fund ESAs as provided by this act. (c) Payments to each approved ESA shall be disbursed on a quarterly basis by the state superintendent or another state agency or person designated by the state superintendent to administer and disburse funds to education savings accounts. (d) The ESA program shall not be funded with county, city or school district tax revenues.
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