Senate Bill 1019 aims to amend various sections of the Tennessee Code Annotated to enhance the funding framework for public charter schools. Key changes include the addition of "or public charter school" in Tennessee Code Annotated, Section 49-3-103(d)(3) and Section 49-3-316(c), which broadens the scope of funding considerations to include public charter schools. Additionally, the bill modifies Section 49-3-105 by deleting subsection (d) and replacing it with provisions that ensure funding generated by students in public charter schools is allocated directly to those schools rather than to the local education agency (LEA).

Furthermore, the bill revises Section 49-13-112 to establish a clear formula for local boards of education to allocate funds to public charter schools, ensuring they receive an equitable share of local and state funding based on prior year student enrollment. It mandates that federal funds be disbursed to public charter schools through joint agreements or sub-grants, and requires LEAs to include the per pupil amount of local funds in their budgets for public charter schools. The bill's provisions are set to take effect upon becoming law, with specific sections having different effective dates for rulemaking and general purposes.

Statutes affected:
Introduced: 49-3-103(d)(3), 49-3-103, 49-3-105, 49-3-316, 49-13-112