SB 496 - Currently law provides a formula for the amount of state aid that the Department of Elementary and Secondary Education shall remit to a charter school. Beginning in the 2023-24 school year, this act provides that state aid provided under the formula shall only apply in the fiscal year immediately after a fiscal year in which the amount appropriated for pupil transportation under current law equals the highest percentage of the allowable costs of providing pupil transportation authorized under current law in the preceding fiscal year. If the amount appropriated for pupil transportation in any succeeding year falls below such percentage, the state aid provided under the formula shall not apply in subsequent years until the requirements described in the act are met.OLIVIA SHANNON