Section 21-2-903 - [Effective 1/1/2025] Education savings accounts; wyoming education savings accounts expenditure account(a) The total amount to be deposited in an education savings account for an ESA student each year shall be determined by the student's household income compared to the federal poverty levels, using the most recent federal poverty guidelines for the student's household size and income, as follows: (i) Six thousand dollars ($6,000.00) for students whose household income is at or below one hundred fifty percent (150%) of the federal poverty level;(ii) Four thousand eight hundred dollars ($4,800.00) for students whose household income is at or below two hundred percent (200%) of the federal poverty level but more than one hundred fifty percent (150%) of the federal poverty level;(iii) Three thousand six hundred dollars ($3,600.00) for students whose household income is at or below two hundred fifty percent (250%) of the federal poverty level but more than two hundred percent (200%) of the federal poverty level;(iv) Three thousand dollars ($3,000.00) for students whose household income is at or below three hundred percent (300%) of the federal poverty level but more than two hundred fifty percent (250%) of the federal poverty level;(v) Two thousand four hundred dollars ($2,400.00) for students whose household income is at or below three hundred fifty percent (350%) of the federal poverty level but more than three hundred percent (300%) of the federal poverty level;(vi) One thousand eight hundred dollars ($1,800.00) for students whose household income is at or below four hundred percent (400%) of the federal poverty level but more than three hundred fifty percent (350%) of the federal poverty level;(vii) One thousand two hundred dollars ($1,200.00) for students whose household income is at or below four hundred fifty percent (450%) of the federal poverty level but more than four hundred percent (400%) of the federal poverty level;(viii) Six hundred dollars ($600.00) for students whose household income is at or below five hundred percent (500%) of the federal poverty level but more than four hundred fifty percent (450%) of the federal poverty level.(b) Payments to ESAs under this act shall be made by the state superintendent of public instruction from the Wyoming education savings accounts expenditure account, which is hereby created. The Wyoming education savings accounts expenditure account shall consist of funds transferred to the expenditure account and other funds appropriated by the legislature to the expenditure account. All earnings from investment of the expenditure account shall be credited to the expenditure account. Any unencumbered, unobligated balance of the expenditure account at the end of each fiscal year shall not revert but shall remain in the expenditure 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.Added by Laws 2024, ch. 108,§ 1, eff. 1/1/2025.