This bill renames the Charter Schools Incentive Fund and revises how state funding for charter schools is calculated and paid. CPAC strongly favors robust and fair funding for charter schools as a key school choice option and supported this bill. The Senate passed this bill on 2025-05-21 by a vote of 39-4. The House passed this bill on 2025-05-06 by a vote of 61-20. The bill later became law.