This bill amends and reenacts several provisions of Louisiana's charter school funding laws, specifically R.S. 17:3995. It clarifies that Type 1, Type 3, and Type 3B charter schools can be considered local education agencies for federal funding purposes, contingent upon local school board approval and adherence to their adopted rules. Additionally, it establishes that the per pupil funding for these charter schools will be determined annually based on the minimum foundation program formula, which considers student characteristics and needs. The bill also allows the state Department of Education to withhold a portion of state funds for administrative costs related to oversight of charter schools acting as their own local education agencies.

Furthermore, the bill introduces new provisions under R.S. 17:3995(L), which mandates the State Board of Elementary and Secondary Education to create rules regarding the financial and programmatic obligations of Type 1, Type 3, and Type 3B charter schools acting as their own local education agencies. These rules will include the authority for the state superintendent of education to rescind a charter school's local education agency status if it fails to meet the established obligations. Overall, the bill aims to enhance the funding structure and accountability of charter schools in Louisiana.

Statutes affected:
HB386 Original: 17:3995(A)(1)
HB386 Engrossed: 17:3995(A)(1)
HB386 Enrolled: 17:3995(A)(1)
HB386 Act 797: 17:3995(A)(1)