The bill amends various sections of Florida Statutes concerning charter schools, focusing on funding, facilities, and governance. It introduces provisions for delaying certain payments to charter schools and revises eligibility criteria for capital outlay funding. Notably, it specifies that funding for charter schools sponsored by school districts will include funds from the current operating discretionary millage levy and mandates timely payments based on enrollment figures. The bill also clarifies that facilities housing charter schools are exempt from certain fees and assessments, ensuring that maintenance funds for conversion schools remain with those schools.

Additionally, the bill modifies the criteria for a charter school system to be recognized as a local educational agency, enhancing access to federal funds. It provides exceptions for landlords serving on charter school governing boards under specific conditions and revises eligibility criteria for capital outlay funding, removing restrictions for charter schools created from public school conversions if they meet certain conditions. The bill also allows charter schools to engage in renovation, repair, and maintenance of facilities they own or lease under specific agreements, with all transactions required to be at appraised value. Conversion charter schools can utilize capital outlay funds for facility maintenance, with the legislation set to take effect on July 1, 2026.