The legislation also requires comprehensive annual reviews of virtual school performance by the state Dept. of Audits and Accounts while giving those schools more money — 25 percent of what regular schools get for building costs — to pay for computers and other technology.
And the bill establishes a needs-based grant program to send students to college in the state university system.
An earlier version of the legislation was estimated to cost about $17 million a year. It's been amended several times since then, passing back and forth between the House and the Senate until a final round of votes on the last day of the legislative session.
The Georgia Charter Schools Association says more than 33,000 students are enrolled in a state charter school.
“This bill does not achieve full funding equity, but it is a significant step forward for” them, said Tony Roberts, President and CEO of the association.