A bill

TO AMEND THE SOUTH CAROLINA CODE OF LAWS BY ADDING SECTION 59-40-250 SO AS TO PROVIDE THAT A QUALIFYING CHARTER SCHOOL SHALL RECEIVE A CERTAIN INCREASE IN FUNDING.

Be it enacted by the General Assembly of the State of South Carolina:

SECTION 1.  Chapter 40, Title 59 of the S.C. Code is amended by adding:

    Section 59-40-250. (A) For purposes of this section:

       (1) "High poverty charter school" means a charter school scoring eighty percent or above on the Pupils in Poverty Index.

       (2) "High achievement charter school" means a charter school with at least fifty percent of students meeting or exceeding expectations as measured by the South Carolina Academic Achievement indicators.

       (3) "Qualifying charter school" means a charter school that is a high poverty charter school and a high achievement charter school.

    (B) A qualifying charter school shall receive the lesser of:

       (1) an increase of three thousand dollars for each student enrolled in the school in the year in which it qualified for the increase in funding; or

       (2) an amount determined by the General Assembly in the annual general appropriations act divided by the total number of students enrolled in qualifying charter schools.

SECTION 2.  This act takes effect upon approval by the Governor.

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