The bill S. 774, introduced by Senator Hembree, proposes an amendment to the South Carolina Code of Laws by adding Section 59-40-245. This new section mandates that the Department of Education reduce the State Aid to Classrooms distribution to school districts by an amount equivalent to the district's local revenue per pupil for each student attending a statewide authorized charter school. The calculation excludes revenues from local bond issues and is based on the prior fiscal year's data as determined by the Revenue and Fiscal Affairs Office. The reductions will be implemented in equal installments.

Additionally, the bill stipulates that the funds withheld from the school districts will be redirected to the South Carolina Public Charter School District and any institution of higher learning that authorizes a public charter school. This redirection will also be based on the local revenue per pupil for each student attending the public charter school, with the funds added in equal installments. The act will take effect upon approval by the Governor.

Statutes affected:
01/13/2026: 59-40-245
Latest Version: 59-40-245