SCH CD-CHARTER SCH FUNDING

Amends the Charter Schools Law. With respect to charters approved by the State Charter School Commission, requires the State Board of Education to annually withhold from funds otherwise due the school district an amount equal to the district's per capita student tuition, multiplied by the number of students residing in the district enrolled in the charter school, multiplied by that percentage of the district's revenues from the last fiscal year received from the State (instead of requiring the State Board to withhold from funds otherwise due the district the funds authorized by the Law to be paid to the charter school and pay such amounts to the charter school). Requires the State Board to provide from State funds and pay to the charter school an amount equal to the district's per capita student tuition, multiplied by the number of students residing in the district enrolled in the charter school, less the amount withheld from the district. Effective immediately.