AN ACT CONCERNING THE CREATION OF A CONTINGENCY SPECIAL EDUCATION GRANT, A PROHIBITION ON PRIVATE EQUITY IN SPECIAL EDUCATION AND THE ESTABLISHMENT OF A WORKING GROUP TO CONSIDER INNOVATIONS IN THE PROVISION OF SPECIAL EDUCATION SERVICES.

SB 309 creates a new contingency grant to cover unanticipated special education costs exceeding twice a district's current per-student spending for students needing services after March 1st, effective July 2027. It prohibits the state from approving private special education providers owned or operated by private equity firms (non-publicly traded investment companies) starting July 2026. The bill also establishes a working group, including representatives from both approved and ineligible private providers, to study public-private partnership innovations and expand eligibility for private providers, with a report due by January 2027. These changes directly affect local school districts receiving grants, private education providers, and state education officials overseeing funding and approvals.