This bill amends the Public School Code of 1949 to enhance the reporting requirements for school districts regarding expenditures related to exceptional children. Specifically, it updates the deadlines for reporting and revises the terminology used to describe students with disabilities, changing it to "children with exceptionalities." The bill establishes new categories for reporting expenditures: Category 1 for expenditures under $25,000, Category 2 for those between $25,000 and $50,000, Category 3A for expenditures between $50,000 and $75,000, and Category 3B for those over $75,000. Additionally, it introduces two new subcategories, Category 1A for expenditures under $5,000 and Category 1B for those between $5,000 and less than $25,000.

The bill mandates that school districts compile and submit this information annually to the Department of Education, with the first report due by December 31, 2025. The Department is also required to provide a summary report to the relevant legislative committees and make the information publicly accessible in a sortable electronic format on its website. Furthermore, any conflicting regulations from the Department of Education will be abrogated to ensure consistency with this new act, which takes effect immediately upon passage.