S.F. No. 3045 Summary

• Modifies permanent school fund investment income calculations to include interest earned on certified monthly earnings and establishes a ten-year apportionment system for securities gains and losses.

• Establishes gifted and talented student program procedures requiring districts to assess readiness for academic acceleration and use multiple, objective criteria sensitive to underrepresented groups including low-income, minority, twice-exceptional, and English language learners.

• Creates charter school authorizer approval requirements with oversight authority, allows replication of high-performing charter schools, and requires charter school boards to include licensed teachers, parents, and community members with mandatory governance training.

• Updates special education definitions using current terminology (e.g., "deaf and hard-of-hearing," "emotionally or behaviorally disordered," "severely multiply impaired") and establishes informed consent requirements for health plan billing.

• Defines early learning and care system structure and establishes school readiness program eligibility for children age three and older with risk factors such as poverty, English language learning status, or developmental concerns, while allowing fee-for-service participation for other children.