HB 5686
Relating to the timing of payments of annually required deposit into an eligible recipient’s Hope Scholarship account
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Sign in to take action- Introduced
- Passed House of Delegates
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill changes the schedule for how annual deposits are made into Hope Scholarship accounts for eligible students in West Virginia. Currently, deposits are made in one lump sum. This legislation requires that one-quarter of the annual deposit be made by August 15th, October 15th, January 15th, and April 15th each year. This shift in payment timing aims to provide more consistent funding for scholarship recipients.
Key provisions
- One-quarter of the annual Hope Scholarship deposit must be made by August 15th.
- Another one-quarter must be made by October 15th.
- A third one-quarter must be made by January 15th.
- The final one-quarter must be made by April 15th.
- These deadlines apply starting July 1, 2026.
Who is affected
- Eligible students receiving Hope Scholarships in West Virginia
- The West Virginia Department of Education
- The Hope Scholarship Fund
Notable changes
- Previously, all annual Hope Scholarship deposits were made in a single payment.
- This bill establishes a quarterly payment schedule.
Fiscal impact
This bill may impact the West Virginia Lottery’s revenue distribution and the Department of Education’s budgeting processes.
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