SB 2502 Summary

• Implements the 2016-2017 General Appropriations Act with legislative intent and incorporates calculations for the Florida Education Finance Program by reference.

• Revises exceptional student education funding allocation method and extends intensive reading instruction requirements for school districts with lowest-performing elementary schools through fiscal year 2016-2017.

• Creates federally connected student supplement for districts eligible for federal Impact Aid Program funds, with allocations based on student counts and exempt property values.

• Establishes Florida College System Performance-Based Incentive and Distinguished College System programs using performance metrics, with institutions failing minimum thresholds required to submit improvement plans.

• Modifies preeminent state research universities program to designate "emerging preeminent" universities meeting 6 of 12 excellence standards and adjusts funding distribution between designated and emerging universities.

• Contains multiple one-year extensions and modifications to agency authority regarding Medicaid, corrections, transportation, housing, and environmental programs, with provisions expiring July 1, 2017.