00                            SENATE BILL NO. 57                                                                          
01 "An Act relating to charter school funding."                                                                            
02 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
03    * Section 1. AS 14.17.450 is amended by adding new subsections to read:                                            
04            (c)  Except as provided in (d) of this section, if the student count in a charter                            
05       school is less than 150, the adjusted student count for the school shall be calculated by                         
06       multiplying the student count by the student rate for a school that has a student count                           
07       of 400.                                                                                                           
08            (d)  If a charter school has a student count of more than 120 but less than 150                              
09       for the current year and is in the first year of operation or had a student count of 150 or                       
10       more in the previous year of operation,                                                                           
11                 (1)  the adjusted student count for the school shall be calculated by                                   
12       multiplying the student count by 95 percent of the student rate for a school that has a                           
13       student count of 150; and                                                                                         
14                 (2)  not later than February 15, the charter school shall submit for                                    
15       approval of the governing board of the district a plan for the following school year that                         

01       includes a statement about whether the school will continue to operate if the student                             
02       count remains the same that year and, if so, a projection of the funding anticipated                              
03       from the state and other sources, a proposed budget, and a description of anticipated                             
04       changes to the school staff, program, and curriculum; if the school intends to close if                           
05       the student count remains the same the following year, the plan must describe transfer                            
06       plans for students, staff, facilities, and materials.                                                             
07            (e)  In (c) and (d) of this section, "student rate" is calculated by adding the base                         
08       and the multiplier provided under (a) of this section and dividing the sum by the                                 
09       student count.                                                                                                    
10    * Sec. 2. AS 14.17.905(b) is amended to read:                                                                      
11            (b)  Notwithstanding (a)(3) of this section and for purposes other than                                  
12       calculations under AS 14.17.450, a charter school shall be counted as a separate                              
13       school if the charter school has an ADM of at least 150 students.