AB1042,,591 3. Each physical location at which the private school intends to operate.

AB1042,,592 4. The number of choice program seats the private school has available in the following school year for pupils attending the private school under the choice program.

AB1042,,593 5. A plan for selecting applicants on a random basis.

AB1042,,594 6. The open application periods during which the private school will accept applications under s. 118.72.

AB1042,,595 7. The grades at which the private school will offer choice program seats.

AB1042,,596 8. Whether or not the private school intends to offer virtual instruction and, if so, the amount and type of virtual instruction the private school intends to offer.

AB1042,,597 (b) By 2 days before the 2nd Friday in January, the nonrefundable annual fee set by the department. The department shall by rule set the fee charged under this paragraph at an amount such that the total fee revenue covers the costs of employing one full-time auditor to evaluate the financial information submitted by participating private schools.

AB1042,198 Section 198. 118.74 (title) of the statutes is created to read:

AB1042,,599 118.74 (title) Accreditation.

AB1042,199 Section 199. 118.74 (3) (title) of the statutes is created to read:

AB1042,,601 118.74 (3) (title) Adding additional grades.

AB1042,200 Section 200. 118.74 (3) (a) 2. of the statutes is created to read:

AB1042,,603 118.74 (3) (a) 2. Achieve accreditation for the high school grades by the first weekday in December of the 3rd school year following the first school year in which the private school provides instruction in a high school grade.

AB1042,201 Section 201. 118.74 (3) (b) 2. of the statutes is created to read:

AB1042,,605 118.74 (3) (b) 2. Achieve accreditation for the elementary grades by the first weekday in December of the 3rd school year following the first school year in which the private school provides instruction in an elementary grade.

AB1042,202 Section 202. 118.74 (4) (title) of the statutes is created to read:

AB1042,,607 118.74 (4) (title) Continuous accreditation.

AB1042,203 Section 203. 118.75 (title) of the statutes is created to read:

AB1042,,609 118.75 (title) Certificate of occupancy; requirement.

AB1042,204 Section 204. 118.75 (2) of the statutes is created to read:

AB1042,,611 118.75 (2) Physical location required. A participating private school shall maintain at least one physical location in this state from which the school is operated.

AB1042,205 Section 205. 118.75 (3) (intro.) of the statutes is created to read:

AB1042,,613 118.75 (3) Required submission. (intro.) By the first weekday in August before the first school term of participation in the choice program, or by the first weekday in May if the private school begins participation in the choice program during summer school, each participating private school shall submit one of the following to the department:

AB1042,206 Section 206. 118.76 (title) and (2) (title) of the statutes are created to read:

AB1042,,615 118.76 (title) First-time private school participant. (2) (title) Continuing surety bond requirement.

AB1042,207 Section 207. 118.76 (1) (a) 1. and 2. of the statutes are created to read:

AB1042,,617 118.76 (1) (a) 1. The total payments the new private school expects to receive on the basis of the intent to participate provided under s. 118.73 (1) exceeds the total expected choice program payments on the basis of the form provided under s. 118.77 (1) by at least $50,000.

AB1042,,618 2. The required surety bond based on the intent to participate provided under s. 118.73 (1) is more than $25,000.

AB1042,208 Section 208. 118.76 (4) of the statutes is created to read: