EXPLANATION: Allows the Charter School District to retain no more than 2% of total state appropriations for each charter school it authorizes.

Amend the bill, as and if amended, Part IB, Section 1, DEPARTMENT OF EDUCATION, page 299, after line 35, by adding an appropriately numbered proviso to read:

/(SDE: Charter Authorizer Fees) From the funds appropriated, the South Carlina Public Charter School District and a registered public or independent institution of higher learning sponsor of a charter school may retain no more than two percent of the total state appropriations for each charter school it authorizes to cover the costs for overseeing its charter schools. The sponsor's administrative fee does not include costs incurred in delivering services that a charter school may purchase at its discretion from the sponsor, however, a sponsor is prohibited from selling services to schools over which the sponsor has oversight. This does not prohibit a school or a sponsor from purchasing services from a statewide contract or any other approved collective purchasing agreement. A sponsor shall post on its website, in a conspicuous location, any services that may be purchased by schools and the cost of the services. The sponsor's fee is not applicable to federal money or grants received by the charter school. The sponsor shall use its funding provided pursuant to this proviso exclusively for the purpose of fulfilling sponsor obligations in accordance with applicable charter school law./

Amend totals and titles to conform.