The bill amends Section 16-7.1-5 of the General Laws concerning the Paul W. Crowley Rhode Island Student Investment Initiative, focusing on intervention and support for failing schools. It introduces a series of progressive support strategies aimed at improving the performance of underperforming schools, which include technical assistance, policy support, resource oversight, and partnerships with various organizations. If a school does not show improvement after three years, the Department of Elementary and Secondary Education may take control over the school’s budget, programs, and personnel, potentially leading to reconstitution of the school. The local school committee's funding responsibility is modified to require funding at the same nominal amount as the previous year, increased by 20% of the municipality's tax increase.

Additionally, the bill removes the authority of the commissioner of elementary and secondary education to withhold funds from local school committees through the general treasurer. It mandates the appointment of a fiscal overseer by the director of revenue for schools under the board of regents' control, who will supervise financial activities, review contracts, monitor expenditures, and approve budgets. The bill also requires monthly reporting on fund usage to various state officials. This act will take effect upon passage.

Statutes affected:
5389: 16-7.1-5