This bill amends section 1002.33 of the Florida Statutes to authorize Florida College System institutions and state universities to sponsor job engine charter schools. It allows municipalities to apply for conversion of existing public schools into charter schools with the support of at least 50% of the parents of enrolled students. The bill also specifies that a district school board, Florida College System institution, or state university must provide written notice of denial if an application for a conversion charter school is rejected, including the reasons for denial.

Additionally, the bill introduces a requirement that all taxes levied by the school district within the attendance zone of a conversion job engine charter school, sponsored by a Florida College System institution or state university, be provided to the sponsor annually starting from the next fiscal year after the school's establishment. The term "attendance zone" is defined as the zone of the public school at the time of its conversion to a job engine charter school. The act is set to take effect upon becoming law.