SB705

SB705 renames the Charter Schools Incentive Fund to the Charter Schools Incentive and Closure Reimbursement Fund and modifies funding calculations.

Oklahoma SB705 amends the Charter Schools Incentive Fund, renaming it the Charter Schools Incentive and Closure Reimbursement Fund. The bill also modifies the calculation of weighted average daily membership and state aid for charter schools. The Statewide Charter School Board is directed to transfer certain remaining balance to the new fund. The bill declares an emergency and specifies an effective date of July 1, 2025.