HB5160

Establishes the State-Authorized Charter School Fund for distributing funds to charter schools in Illinois.

The bill creates the State-Authorized Charter School Fund, a special fund in the State treasury, to distribute funds to charter schools in Illinois. These funds, appropriated from the General Revenue Fund, the Education Assistance Fund, or the Common School Fund, and any private donations, will be used by the State Board of Education to support charter schools' expenses. The bill also mandates that school districts with State Board-authorized charter schools must use these funds for the charter schools' expenses instead of their evidence-based funding.