Authorizes school districts to establish a charter school payment reserve account.

This bill allows school districts to create a charter school payment reserve account to manage payments to charter schools. If a district budgets less than the projected payment, the reserve funds can cover any increase based on actual enrollment. The reserve can also finance general fund costs or school security improvements. The account can be supplemented with federal impact aid funds. The bill also mandates reporting on federal impact aid and school security improvements.

Authorizes school districts to establish a charter school payment reserve account.

This bill allows school districts to create a charter school payment reserve account to manage payments to charter schools. If a district budgets less than the projected payment, the reserve funds can cover any increase based on actual enrollment. The reserve can also finance general fund costs or school security improvements. The account can be supplemented with federal impact aid funds. The bill also mandates reporting on federal impact aid and school security improvements.