– Authorizes annual state payments of at least $4000 per pupil for private and religious schools phased in over four years.

– Restricts state and local authority to require private schools to meet standards, including state academic requirements.

– Limits future health, safety, zoning, building restrictions on private schools.

– Requires release of composite test scores of voucher pupils.

– Permits Legislature to replace current voter-enacted constitutional funding priority for public schools (Proposition 98) with minimum formula based on national per-pupil average, as defined by terms of this measure.