Florida Senate - 2023 COMMITTEE AMENDMENT
Bill No. CS for CS for SB 986
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LEGISLATIVE ACTION
Senate . House
Comm: RCS .
04/26/2023 .
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The Committee on Fiscal Policy (Calatayud) recommended the
following:
1 Senate Amendment (with directory and title amendments)
2
3 Between lines 65 and 66
4 insert:
5 (b)1. The basis for the agreement for funding students
6 enrolled in a charter school shall be the sum of the school
7 district’s operating funds from the Florida Education Finance
8 Program as provided in s. 1011.62 and the General Appropriations
9 Act, including gross state and local funds, discretionary
10 lottery funds, and funds from the school district’s current
11 operating discretionary millage levy; divided by total funded
12 weighted full-time equivalent students in the school district;
13 and multiplied by the weighted full-time equivalent students for
14 the charter school. Charter schools whose students or programs
15 meet the eligibility criteria in law are entitled to their
16 proportionate share of categorical program funds included in the
17 total funds available in the Florida Education Finance Program
18 by the Legislature, including transportation, and the evidence
19 based reading allocation. Total funding for each charter school
20 shall be recalculated during the year to reflect the revised
21 calculations under the Florida Education Finance Program by the
22 state and the actual weighted full-time equivalent students
23 reported by the charter school during the full-time equivalent
24 student survey periods designated by the Commissioner of
25 Education. For charter schools operated by a not-for-profit or
26 municipal entity, any unrestricted current and capital assets
27 identified in the charter school’s annual financial audit may be
28 used for other charter schools operated by the not-for-profit or
29 municipal entity within the school district. For charter schools
30 operated by a not-for-profit entity, any unrestricted current or
31 capital assets identified in the charter school’s annual audit
32 may be used for other charter schools operated by the not-for
33 profit entity which are located outside of the originating
34 charter school’s school district, but within this state, through
35 an unforgivable loan that must be repaid within 5 years to the
36 originating charter school by the receiving charter school.
37 Unrestricted current assets shall be used in accordance with s.
38 1011.62, and any unrestricted capital assets shall be used in
39 accordance with s. 1013.62(2).
40 2.a. Students enrolled in a charter school sponsored by a
41 state university or Florida College System institution pursuant
42 to paragraph (5)(a) shall be funded as if they are in a basic
43 program or a special program in the school district. The basis
44 for funding these students is the sum of the total operating
45 funds from the Florida Education Finance Program for the school
46 district in which the school is located as provided in s.
47 1011.62 and the General Appropriations Act, including gross
48 state and local funds, discretionary lottery funds, and funds
49 from each school district’s current operating discretionary
50 millage levy, divided by total funded weighted full-time
51 equivalent students in the district, and multiplied by the full
52 time equivalent membership of the charter school. The Department
53 of Education shall develop a tool that each state university or
54 Florida College System institution sponsoring a charter school
55 shall use for purposes of calculating the funding amount for
56 each eligible charter school student. The total amount obtained
57 from the calculation must be appropriated from state funds in
58 the General Appropriations Act to the charter school.
59 b. Capital outlay funding for a charter school sponsored by
60 a state university or Florida College System institution
61 pursuant to paragraph (5)(a) is determined pursuant to s.
62 1013.62 and the General Appropriations Act.
63
64 ====== D I R E C T O R Y C L A U S E A M E N D M E N T ======
65 And the directory clause is amended as follows:
66 Delete line 26
67 and insert:
68 Section 1. Paragraph (d) of subsection (10), paragraphs (b)
69 and (e)
70
71 ================= T I T L E A M E N D M E N T ================
72 And the title is amended as follows:
73 Delete line 4
74 and insert:
75 enrollment preference for charter schools; authorizing
76 certain charter schools to use unrestricted current or
77 capital assets for certain other charter schools
78 through an unforgivable loan with specified terms;
79 revising