SB 682 Summary

• Requires authorizing bodies to prohibit new public school academies and schools of excellence unless all existing academies under that authorizer demonstrate student achievement at least 20% higher than their district's performance on state assessments.

• Reduces authorizing body fees and expenses from 3% to 1% of state school aid received, and restricts fee usage to specific purposes like oversight, compliance monitoring, training, and technical assistance.

• Prohibits public school academies and schools of excellence from entering into management agreements with for-profit educational management organizations; agreements with nonprofit organizations require authorizer review and approval.

• Requires management agreements to include provisions for public posting of agreements on school websites and annual disclosure of financial information comparable to school district reporting under the state school aid act.

• Clarifies that "school district" authorizers exclude the state school reform/redesign district, education achievement authority, and other statewide entities; allows certain cyber schools to operate outside district boundaries under specified conditions.