FL H1099

Establishes the Pay-for-Success Contract Program under State Board of Education authority to fund high-quality dropout prevention programs for high-risk students in public schools through contracts with private entities.

Limits total outstanding pay-for-success contract obligations to $10 million at any time and caps additional return on investment at 5 percent above the Municipal Market Data General Obligation Bond AAA scale for 10-year maturity.

Requires an independent, nationally recognized education evaluator to annually assess performance outcome measures and prohibits private entities from accessing personally identifiable student data.

Mandates private entities report annually de-identified data including number of students served, attendance rates, cost per student, and aggregated longitudinal data on academic achievement, dropout rates, and graduation rates.

Requires parent permission and signed acknowledgment before student data can be shared with evaluators and exempts program funding from state procurement requirements.

Effective date: July 1, 2015.