CS for SB 2262 - Charter Schools Summary

• Requires high-performing charter schools (those with A or B grades for 3 years and unqualified financial audits) to provide quarterly instead of monthly financial statements to sponsors.

• Allows governing bodies to oversee multiple charter schools across different school districts and permits nonprofit organizations to operate networks of affiliated charter schools.

• Authorizes high-performing charter schools to increase enrollment by up to 25 percent annually and receive capital outlay funds; grants high-performing education service providers' new charter schools automatic 15-year initial terms.

• Establishes charter virtual schools that provide remote instruction to district residents and must comply with virtual instruction requirements under section 1002.45; funding flows through the Florida Education Finance Program.

• Directs OPPAGA to study charter school funding equity compared to traditional public schools and capital improvement millage distribution, with findings due to the Governor and Legislature by January 1, 2011.