Local Education Agencies - As introduced, allows a nonprofit or for-profit entity that operates an adult high school under a contract with a local board of education to receive state and local funding in years subsequent to the first year of the adult high school's operation based on current enrollment numbers that are reported and adjusted no less than three times per year. - Amends TCA Title 49.

SB 2386 allows nonprofit or for-profit organizations operating adult high schools under contract with Tennessee local school boards to receive state and local funding based on actual student enrollment after the first year, rather than projected numbers. It requires these entities to report enrollment data at least three times yearly (August, December, April), and mandates local boards to adjust funding payments quarterly (October, February, June) based on those reports. The bill directly affects contracted adult education providers, local school boards, and adult students whose funding depends on enrollment accuracy. It amends Tennessee Code Annotated Title 49 to establish this enrollment-based funding model for subsequent years of operation, effective July 1, 2026.