§302B-13  Weighted student formula. 
(a)  Notwithstanding section [302B-12] and beginning September 1, 2006, charter
schools shall elect whether to receive allocations according to the
department's weighted student formula adopted pursuant to section 302A-1303.6;
provided that:



(1)  All charter schools, as a group, with each local
school board being accorded one vote, shall elect, by greater than two-thirds
agreement among the local school boards, whether to receive allocations through
the department's weighted student formula; provided that the nonprofit that
governs more than one conversion charter school may cast one vote representing
each school it governs;



(2)  Any election by charter schools to receive
department allocations, or not to receive allocations, through the department's
weighted student formula shall be made by September 1 of each even-numbered
year, and the election shall apply to the fiscal biennium beginning July 1 of
the following year; provided that the appropriate funds shall be transferred by
the department to the charter school administrative office for distribution to
the charter schools; and



(3)  The election to receive allocations, or not to
receive allocations, through the department's weighted student formula shall be
communicated to the department through the office.



(b)  The charter schools, through the office,
may propose to the board an alternative weighted student formula, approved of
by more than two-thirds of the local school boards, with each local school
board being accorded one vote, to be administered by the office and to apply to
the per-pupil allocation for charter schools. [L 2006, c 298, pt of §2]