HI SB2901

Requires the Department of Education to deposit pro rata shares of per pupil funds into an escrow account by March 31 each year when students transfer from public schools to charter schools after annual enrollment verification, with funds transferred to charter schools by April 30.

Requires the Office of Charter Schools to deposit pro rata shares of per pupil funds into an escrow account by March 31 each year when students transfer from charter schools to public schools after annual enrollment verification, with funds transferred to public schools by April 30.

Calculates pro rata share based on the numerator of remaining school days in the receiving school's academic year on the transfer date and denominator of total school days in the full academic year.

Addresses inequitable per pupil funding that results from mid-year student transfers between public and charter schools after enrollment verification is completed.