There are two major thrusts of this bill:
- creates an independent board to oversee the approval of new charter schools
- increases state funding of charter schools, both nonprofit and for profit
As of July 1, 2022 the State Loan and Investment Board (SLLB) was given approval authority so they and local school boards share this responsibility. SF147 creates a new and different board to replace SLLB as an approving body.