ID H0883

Qualifying school districts and public charter schools may spend state funding (discretionary, categorical, and salary apportionment) however they determine best serves students, without typical restrictions.

School districts must meet academic benchmarks to qualify: top 20% statewide proficiency or 15 percentage points above state average in ELA and math; 75% of K-3 students proficient on reading indicator; and graduation rate 3 percentage points above state average.

Participating schools must demonstrate 3 years of financial stability including unqualified audit opinions, no material weaknesses, and no going concern disclosures.

Participating schools are exempt from numerous state reporting requirements without penalty or funding reduction.

State Department of Education may revoke eligibility if schools fail audit requirements or miss academic benchmarks for 2 or more years; State Board of Education must report to legislature in 2029 on participation and outcomes.