Senate Bill 1111 Summary

• Establishes comprehensive oversight requirements for authorizing bodies issuing contracts to public school academies, urban high school academies, schools of excellence, and strict discipline academies, including ensuring board independence from educational management companies and fair student admissions processes.

• Requires authorizing bodies to develop accountability processes for charter schools meeting academic performance standards and implementing corrective actions, with automatic contract revocation for lowest-performing schools (bottom 5%) in year 2 of federal restructuring sanctions.

• Mandates property reversion to the state upon contract termination or revocation, with detailed procedures including board dissolution, state treasurer asset distribution oversight, and appointment of trustees if boards fail to comply with liquidation requirements.

• Requires authorizing bodies to notify the superintendent of public instruction within 10 days of contract termination or revocation and submit detailed revocation reports within 90 days including reasons, transition measures, and asset distribution documentation.

• Establishes expedited temporary district code assignment by state treasurer if department fails to issue permanent codes within 30 days, ensuring continued state school aid funding for newly authorized charter schools.