"Section 59-40-175. (A) There is established in the State Treasury the Charter School Facility Revolving Loan Program Fund. This fund is comprised of federal funds obtained by the State for charter school facilities, other funds appropriated or transferred to the fund by the State, and private donations, contributions, bequests, or other gifts. Earnings and interest on this fund must be credited to it and any balance at the end of a fiscal year carries forward to the fund in the succeeding fiscal year.
(B) Funds deposited to the Charter School Facility Revolving Loan Program Fund must be used to finance loans by the Budget and Control Board to charter schools for construction, purchase, renovation, and maintenance of public charter school facilities. The Budget and Control Board shall establish guidelines and procedures for application, approval, allocation, and repayment of the loans. The Budget and Control Board may be reimbursed from the fund for costs associated with the administration of the loans." /
Amend the bill further, as and if amended, by striking Section 59-40-50(B)(9)(ii), as contained in SECTION 6, page 9, lines 18-23.
Amend the bill further, as and if amended, by striking Section 59-40-70(A)(6), as contained in SECTION 8, page 15, lines 19-23.
Amend the bill further, as and if amended, page 28, by striking SECTION 16 in its entirety and inserting:
/ SECTION 16. Section 59-18-920 of the 1976 Code is amended to read:
"Section 59-18-920. A charter school established pursuant to Chapter 40, Title 59 shall report the data requested by the Department of Education necessary to generate a report card. The Department of Education shall utilize this data to issue a report card with performance ratings to parents and the public containing the ratings and explaining its significance and providing other information similar to that required of other schools in this section. The performance of students attending charter schools sponsored by the South Carolina Public Charter School District must be included in the overall performance ratings of the South Carolina Public Charter School District. The performance of students attending a charter school authorized by a local school district must be reflected on a separate line on the school district's report card and must not be included in the overall performance ratings of the local school district, unless there is a mutual agreement to include the scores in the local school district ratings. An alternative school is included in the requirements of this chapter; however, the purpose of an alternative school must be taken into consideration in determining its performance rating. The Education Oversight Committee, working with the State Board of Education and the School to Work Advisory Council, shall develop a report card for career and technology schools." /
Renumber sections to conform.
Amend title to conform.