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Charter school funding and oversight would see several updates under this bill. It would create a study group — including charter school administrators, school district officials, and state board representatives — to examine whether Utah's charter school funding formula adequately covers administrative and operational costs, with a report due to the Legislature by December 1, 2026; the bill also provides $3.1 million in additional one-time base funding for charter schools in the meantime, using a formula that caps per-school amounts and scales down for larger enrollments. It would replace the existing Charter School Revolving Account, a state-administered loan fund for charter school construction and startup costs, with a new Charter School Revolving Fund managed by the Utah Charter Finance Authority, which would set its own loan terms, interest rates, and repayment schedules, including specific loan caps for facility expansions and construction projects. The bill would also require charter school governing board members to take a formal oath of office, formally codify that charter schools are public schools with the same legal status and access to public funding and facilities as district schools, and appropriates $500,000 to establish a charter school educational service agency, for a total of $3.6 million in new spending.