House Bill No. 1940 amends the Oklahoma Charter Schools Act to expand the types of entities that can sponsor charter schools. Specifically, it adds counties as potential sponsors alongside existing options such as school districts, accredited higher education institutions, and federally recognized Indian tribes. The bill also modifies the sponsorship process for charter schools associated with the Office of Juvenile Affairs, allowing for county involvement in addition to state oversight.

The bill emphasizes the importance of prioritizing charter schools that serve at-risk student populations and those from low-performing traditional public schools. It outlines criteria for eligible non-school-district sponsors to consider when approving new charter schools, including evidence of academic success and the ability to replicate successful educational practices. The act is set to take effect on July 1, 2025, and includes an emergency clause for immediate implementation upon passage and approval.