This bill amends existing Florida education statutes to revise the application process for conversion charter schools and introduces a new type of charter school known as a "job engine charter." The bill specifies that applications for conversion charter schools must be made by parents of enrolled students and outlines the requirements for demonstrating support from both teachers and parents. Additionally, it allows municipalities to apply for job engine charters under certain conditions, with the purpose of attracting job-producing entities to the area. The bill mandates that municipalities with a job engine charter must provide annual reports on investments made to attract jobs and includes specific operational requirements for these schools.

Furthermore, the bill introduces new regulations regarding the acquisition of real property by school boards. It requires school boards to submit a five-year plan to the Department of Education before occupying any purchased or acquired property, which must be updated annually. School boards are prohibited from acquiring real property if there has been a decline in enrollment over the past five years and must dispose of surplus property as deemed by the State Board of Education. The bill prioritizes the conversion of surplus property for affordable housing for teachers and first responders, charter school facilities, or recreational facilities. The act is set to take effect on July 1, 2025.