MS SB2146

Reconstitutes the Mississippi Charter School Authorizer Board with seven members appointed by the Governor (3), Lieutenant Governor (3), and State Superintendent of Public Education (1), with staggered terms of one to three years and a maximum of two consecutive terms per member.

Requires the Legislature to annually appropriate funds and allocate positions to the Mississippi Charter School Authorizer Board, which receives up to three percent of annual per-pupil state and local allocations for each charter school it authorizes.

Directs the Charter School Authorizer Board and State Department of Education to develop a formula for calculating pro rata local ad valorem contributions to charter schools that ensures equitable distribution between school districts and charter schools.

Requires local ad valorem payments to charter schools to be reconciled annually in the same manner as Mississippi Adequate Education Program payments, with adjustments made during the following school year.

Changes the effective date for board reconstitution and funding provisions to July 1, 2021.