IL HB4899

Establishes a moratorium on new charter school establishment in financially distressed school districts, including new campuses of existing charter schools, while the district maintains "financial early warning" or "financial watch" status under the State Board of Education's School District Financial Profile System.

Defines "financially distressed school district" as a school district identified as on either "financial early warning" or "financial watch" status in its most recent assessment under the State Board's financial assessment system.

The moratorium remains in effect for the duration that a school district meets the financially distressed definition, with no new charter schools or expansion campuses permitted during that period.