FL S1230

Amends Florida Statutes section 1002.33 to modify how unencumbered public funds are handled when a charter school is dissolved or its charter is not renewed or terminated.

Unencumbered public funds from a dissolved charter school revert to the school's sponsor, except for federal charter school program grant funds.

Federal charter school program grant funds that are unencumbered revert to the Department of Education to be redistributed among eligible charter schools.

All district school board property, improvements, furnishings, and equipment purchased with public funds automatically revert to full ownership by the district school board upon charter school dissolution.

Effective date is July 1, 2013.