This bill amends section 1002.33 of the Florida Statutes to revise the application process for conversion charter schools and introduces the concept of "job engine charter schools." It allows municipalities to apply for a job engine charter school if a public school within their jurisdiction has received a grade below an "A" for five consecutive years. The bill specifies that the application for a conversion charter school must be made by parents of enrolled children, and it requires that at least 50% of parents and teachers support the application. Additionally, it prohibits school districts from charging rental or leasing fees for facilities used by conversion charter schools and mandates that property associated with the school cannot be removed.

The bill also clarifies that a charter school-in-a-municipality can be designated if it meets certain criteria, including random lottery enrollment and adherence to racial/ethnic balance provisions. Furthermore, it stipulates that any land and facilities used for public charter schools are exempt from ad valorem taxes. The job engine charter school is required to report annually on investments made to attract job-producing entities in the municipality. The act is set to take effect on July 1, 2025.