Sec. 4. (a) If it is reasonably expected by the commission for higher education that a CSA participating entity will receive, from payments made under the CSA program, more than one hundred thousand dollars ($100,000) during a particular school year, the CSA participating entity shall, on or before a date prescribed by the treasurer of state, provide the treasurer of state evidence, in a manner prescribed by the treasurer of state, indicating that the CSA participating entity has unencumbered assets sufficient to pay the treasurer of state an amount equal to the amount expected to be paid to the CSA participating entity under the CSA program during the particular school year.

     (b) Each CSA participating entity that accepts payments made from a CSA account under this article shall provide a receipt to the parent of a career scholarship student or to the emancipated career scholarship student for each payment made.

As added by P.L.202-2023, SEC.69. Amended by P.L.127-2024, SEC.9.