The proposed legislation introduces two new chapters to Title 16 of the General Laws: the "Failing School Choice Act" and the "Rhode Island Education Revitalization Fund Act."

The Failing School Choice Act allows students assigned to failing schools, defined as the bottom fifteen percent (15%) of public schools in Rhode Island, to petition for enrollment in any public school with available capacity. The act outlines eligibility criteria, including provisions for students who have been expelled or suspended, and mandates that receiving schools can receive state aid for students, including those with special needs. Additionally, the act requires the Department of Education to reclassify schools every five years and determine their functional capacity to accommodate school choice students. Students enrolled in a receiving school are entitled to attend through the highest grade level offered by the failing school.

The Rhode Island Education Revitalization Fund Act establishes the Rhode Island education revitalization fund (RIERF) to provide funds for the school choice program. This fund will be supported by a statewide property tax on real property owned by private colleges, nonprofit colleges, and other post-secondary schools, with the tax amount based on their endowments. The revenue generated will be included in the annual state budget to ensure the program's sustainability.

This legislation will take effect upon passage.