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" (Section 3-144). It expands the fund's purpose to cover charter school startup costs, building renovations, and closure expenses, while adding new funding sources like payments from charter schools. The bill also modifies Section 3-142 to clarify that charter school sponsors (e.g., school districts) may charge only up to 3% of state aid for administrative services, and directs the Statewide Charter School Board to transfer remaining balances to the renamed fund. These changes directly affect charter schools, virtual charter schools, and their sponsors by altering funding calculations and reimbursement mechanisms.
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)
·
2 edits
MINOR
The bill was amended to change its title from 'Committee Substitute' to 'Senate Floor Version' and updated the page numbering and formatting to reflect the Senate's final consideration stage. The substantive legislative text regarding charter school funding, administrative fees, and weighted average daily membership calculations remains unchanged from the Committee Substitute version.
TECHNICAL
The document header was changed from 'Committee Substitute' to 'Senate Floor Version' with updated date (March 4, 2025) and page numbering to reflect the bill's progression through the legislative process.
Page headers were updated to include 'SENATE FLOOR VERSION - SB705 SFLR' with bold face notation indicating Committee Amendments, clarifying the document's current legislative status.
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
6
Key actions
1
Committee
1
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
Sponsors
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