MS SB2300

Amends charter school state funding calculations to base payments on enrollment projections over the entire charter term rather than only the first year, with reconciliation and adjustments made annually against actual average daily attendance.

Revises local ad valorem tax funding for charter schools by requiring calculation based on previous year enrollment data and establishing a January 15 payment deadline from local school districts, with the State Department of Education authorized to withhold payments from the district's state funds if not paid on time and redirect the amount to the charter school.

Clarifies that surplus funds remaining in charter school accounts at fiscal year-end belong to the legal entity operating the charter school and may be used for operation of all charter schools under that entity's management authority as approved by the Mississippi Charter School Authorizer Board.

Requires charter schools to publicly disclose all sources of private funding and funds received from foreign sources, including gifts from foreign governments and affiliated entities.

Maintains existing provisions for proportionate federal and state categorical aid distribution, special education service contracts, and state transportation funding disbursement to charter schools.