AN ACT CONCERNING THE FUNDING OF CHARTER SCHOOLS.

SB 534 requires the Connecticut General Assembly to set aside dedicated state funds specifically for charter school grants. It mandates that these funds be provided to the Department of Education to distribute as grants for each charter school or initial approval granted by the State Board of Education. This bill aims to improve the reliability and process of funding for charter schools by creating a mandatory allocation mechanism. The direct effect is on charter schools seeking state approval and the Department of Education, which would manage the grant program.