SB 57: "An Act relating to charter school funding."
00 SENATE BILL NO. 57 01 "An Act relating to charter school funding." 02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA: 03 * Section 1. AS 14.17.450 is amended by adding new subsections to read: 04 (c) Except as provided in (d) of this section, if the student count in a charter 05 school is less than 150, the adjusted student count for the school shall be calculated by 06 multiplying the student count by the student rate for a school that has a student count 07 of 400. 08 (d) If a charter school has a student count of more than 120 but less than 150 09 for the current year and is in the first year of operation or had a student count of 150 or 10 more in the previous year of operation, 11 (1) the adjusted student count for the school shall be calculated by 12 multiplying the student count by 95 percent of the student rate for a school that has a 13 student count of 150; and 14 (2) not later than February 15, the charter school shall submit for 15 approval of the governing board of the district a plan for the following school year that
01 includes a statement about whether the school will continue to operate if the student 02 count remains the same that year and, if so, a projection of the funding anticipated 03 from the state and other sources, a proposed budget, and a description of anticipated 04 changes to the school staff, program, and curriculum; if the school intends to close if 05 the student count remains the same the following year, the plan must describe transfer 06 plans for students, staff, facilities, and materials. 07 (e) In (c) and (d) of this section, "student rate" is calculated by adding the base 08 and the multiplier provided under (a) of this section and dividing the sum by the 09 student count. 10 * Sec. 2. AS 14.17.905(b) is amended to read: 11 (b) Notwithstanding (a)(3) of this section and for purposes other than 12 calculations under AS 14.17.450, a charter school shall be counted as a separate 13 school if the charter school has an ADM of at least 150 students.