Senate Amendment 56
S 39 - Session 125 (2023-2024)
Educational Scholarship Trust Fund

Senator Hembree proposes the following amendment (LC-39.HA0280S):

Amend the bill, as and if amended, SECTION 1, Section 59-8-150, by adding a subsection to read:

(H) A person serving as a board member or director of an education service provider shall have a fiduciary duty to the provider and shall avoid any conflicts of interest with the provider.

(I) No member of the General Assembly or their immediate family, as defined by Section 8-13-100(18), may have a financial interest in an education service provider. This does not prevent a member or their immediate family from qualifying under the provisions of this chapter to participate in the ESTF program.

(J) A person shall not serve in a position of leadership with an education service provider who has been convicted of a financial crime.