MS HB1192

Reconstitutes the Mississippi Charter School Authorizer Board with all members reappointed by July 1, 2022, establishing staggered three-year terms with initial terms of one to three years depending on the appointee's position and appointing authority.

Requires the Legislature to annually appropriate funds and positions to the Mississippi Charter School Authorizer Board to support its operations, in addition to the existing three percent per-pupil allocation from charter school state and local funds.

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

Requires annual reconciliation of local ad valorem payments to charter schools using the same methodology as Mississippi Adequate Education Program payments, with adjustments made based on actual average daily attendance.