Bill > H0061

This bill requires that any applicant seeking to open a charter school in Florida must, after their application is approved but before classes begin, provide proof of a surety bond or a secured escrow account. This financial guarantee must be equal to or greater than the projected expenses for the charter school's first year of operation, covering costs like salaries, rent, and purchased services. The bill also makes a minor technical change to an existing law regarding high-performing charter schools, updating a reference to a specific subsection of the charter school application process.