Education, Dept. of - As enacted, requires the department to allocate the state share of the Tennessee investment in student achievement formula funds generated by student members of a public charter school in the prior school year directly to the public charter school instead of allocating such funds to the local education agency in which the public charter school is located. - Amends Chapter __ of the Public Acts of 2025 (1st Ex. Sess. – SB 6001 / HB 6004); and TCA Title 49, Chapter 13 and Title 49, Chapter 3.

SB 1019 changes how Tennessee allocates state education funds generated by students attending public charter schools. It requires the state education department to send the state share of these funds directly to the public charter school instead of the local school district (LEA) where the charter is located. Key provisions include amending funding formulas to ensure charter schools receive these funds directly and adding financial reporting requirements for charter schools to track state and federal funds. This policy affects all Tennessee public charter schools by altering their funding stream from local districts to direct state allocation. The bill became effective May 9, 2025, with full implementation for budget purposes starting July 1, 2025.