AN ACT relating to educational opportunities and making an appropriation therefor. Create new sections of KRS Chapter 160 to describe the intent of the General Assembly and the purposes of authorizing public charter schools; identify charter school authorizers; define terms; describe the characteristics and the requirements of a charter school; identify student enrollment practices; allow participation by charter school students in extracurricular activities; identify charter school employee rights and retirement information; identify the authorizer application process; identify the requirements and the components of a charter school application; describe charter school renewal and revocation processes; identify a process to convert an existing school to a charter school; create a new section of KRS Chapter 157 to specify the charter school funding process; establish the public charter school facility revolving loan program and identify the use of the program; fund and identify uses of the fund; create a new section of KRS Chapter 162 to allow charter schools first right of refusal to purchase or lease closed or unused school facilities or school facilities for sale or lease; amend KRS 161.220 to include a teacher employed in a charter school in the state-sponsored retirement system; amend KRS 78.510 to include charter schools in the definition of "county" so as to include noncertified employees of public charter schools in the state-sponsored retirement system; amend KRS 156.108 to prohibit the approval of new districts of innovation; define opportunity schools and identify the Kentucky Board of Education's role in authorizing opportunity schools; amend KRS 160.107 to delete references to districts of innovation; identify the requirements for a school applying to become an opportunity school and delete all references to a district of innovation and replace with opportunity school; APPROPRIATION.