The bill amends section 1002.33 of the Florida Statutes to revise the application process for conversion charter schools, allowing municipalities to apply for a new type of charter school known as a "job engine charter school" under specific conditions. The bill stipulates that an application for a conversion charter school must be made by parents whose children are enrolled, and it introduces a requirement for municipalities to apply if a school has received a grade below an "A" for five consecutive years. Additionally, the bill mandates that a conversion charter school must report annually on investments made to attract job-producing entities.

Furthermore, the bill prohibits school districts from charging rental or leasing fees for facilities used by conversion charter schools and ensures that property associated with the school cannot be removed. It also clarifies that property provided to charter schools must be maintained according to district standards and that maintenance funds generated by the facility will remain with the conversion school. The effective date for this act is set for July 1, 2025.