The bill enacts the "School Released Time Education Act," which establishes guidelines for public school students to participate in off-campus religious instruction during school hours, contingent upon parental consent. It outlines the responsibilities of school boards in adopting policies that allow for such released time courses, including requirements for parental approval, liability waivers, and the maintenance of attendance records by sponsoring entities. The legislation also provides immunity from liability for school boards and schools regarding any injuries that occur during these courses or while transporting students to and from them.

Additionally, the bill specifies that released time courses must not be held on school property unless permitted under a neutral policy of equal access. It allows for the awarding of academic credit for these courses, provided that instructors meet the same qualifications as substitute teachers in the school system. The act emphasizes the preservation of constitutional rights related to religious freedom and ensures that the provisions do not conflict with existing laws protecting these rights. The bill also includes a specific insertion regarding charter schools, exempting them from certain mandates while still adhering to the released time provisions.