Charter School Harbor Master (SB 491)


State General Fund of $5 million in each fiscal year of the biennium will be utilized to match private philanthropy in establishing a fund to recruit best-in-class national charter management organizations to Nevada and help develop local human capital. Funds could be used to augment basic per pupil guarantee requirements for no more than two years and to provide access to construction capital or facilities. These funds will be a direct distribution to an established 501(c)(3) organization once each year upon proof of the match.