SB 705 Oklahoma Senate · 2025 Regular Session

Charter schools; renaming the Charter Schools Incentive Fund; directing transfer of certain remaining balance; modifying certain calculation. Effective date. Emergency.

SB 705 renames Oklahoma's "Charter Schools Incentive Fund" to the "Charter Schools Incentive and Closure Reimbursement Fund" and adds closure reimbursement as a purpose. It directs the Statewide Charter School Board to transfer remaining fund balances to another designated fund by a specific date. The bill also modifies how charter school funding is calculated, including a 1.333 multiplier for first-year student enrollment and clarifies that sponsors cannot charge excessive administrative fees beyond 3% of state aid. This affects all Oklahoma charter schools and virtual charter schools by changing fund usage, reimbursement rules, and funding calculation methods.

Issues: ✓ Education

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 3, 2025 Last action Mar 18, 2025

Maddy AI version diff · 2 comparisons

What changed between versions

Committee Substitute → Floor (Senate) · 3 edits

MINOR

The bill was revised from a Committee Substitute version to a Senate Floor version, primarily involving formatting adjustments and the addition of a header indicating the Senate Floor Version. The substantive policy content regarding charter school funding, fund renaming, and administrative fee regulations appears unchanged in the text provided.

TECHNICAL

Document header changed from 'COMMITTEE SUBSTITUTE' to 'SENATE FLOOR VERSION' with updated date information.

Page numbering and formatting markers were adjusted to reflect the Senate Floor version layout.

Added note indicating bold face denotes Committee Amendments to help identify changes during floor consideration.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Mar 4, 2025

Upper · Passed

Reported Do Pass, amended by committee substitute Education committee; CR filed

upper

Feb 3, 2025

Introduced

First Reading

upper

2 primary · 0 co-sponsors