FL S1672

Revises charter school application fiscal responsibility requirements to mandate proof that the entity financing the charter school has a bond rating of at least A- from a nationally recognized source, and allows school districts submitting conversion charter applications without a bond rating to receive up to $30,000 in state funds for creating an implied general obligation rating.

Establishes that property taken by eminent domain for public school purposes may only be used for traditional public schools, explicitly excluding charter schools from this provision.

Changes charter school capital outlay funding from a mandatory distribution to a discretionary one, allowing school districts to choose whether to share capital outlay funds with eligible charter schools in their district.

Updates the discretionary millage provisions in section 1011.71 to clarify that school boards may choose to levy up to 1.5 mills for charter schools at their discretion.

Takes effect July 1, 2018.