LEGISLATIVE SERVICES AGENCY OFFICE OF FISCAL AND MANAGEMENT ANALYSIS FISCAL IMPACT STATEMENT LS 7265 NOTE PREPARED: Jan 11, 2025 BILL NUMBER: SB 348 BILL AMENDED: SUBJECT: Waiving Requirements for Accredited Schools. FIRST AUTHOR: Sen. Buchanan BILL STATUS: As Introduced FIRST SPONSOR: FUNDS AFFECTED:XGENERAL IMPACT: State DEDICATED FEDERAL Summary of Legislation: This bill requires (instead of allows) the State Board of Education to approve an application to waive compliance with certain provisions requested by a school or group of schools under the performance based accreditation law. It also requires the state board to do the following: (1) Review each compliance waiver request at least once every three years (instead of periodically). (2) Suspend or revoke a compliance waiver if the state board determines that the school or group of schools has not demonstrated an improvement in student academic performance. Effective Date: July 1, 2025. Explanation of State Expenditures: To the extent, if any, that the state board would review approved compliance waiver requests more frequently, it would experience a minor workload increase that would be completed with existing staff and resources. Explanation of State Revenues: Explanation of Local Expenditures: Explanation of Local Revenues: State Agencies Affected: State Board of Education. Local Agencies Affected: Information Sources: Fiscal Analyst: Austin Spears, 317-234-9454. SB 348 1