Makes appropriations to the Interim Finance Committee for allocation to the State Public Charter School Authority to provide money to charter schools for salary increases for certain employees. (BDR S-1249)

SB 506 allocates nearly $19.3 million annually for fiscal years 2025-26 and 2026-27 to help charter schools increase salaries for teachers and education support professionals (like paraprofessionals, nurses, and counselors). Charter schools must report staff counts on specific dates and submit salary plans detailing how funds will be distributed, ensuring they supplement rather than replace existing funding. Schools must also report how funds were spent and actual salary increases by specified deadlines. The bill requires unused funds to be returned to the state general fund by September 2026/2027.