HB10-1343 Summary

• State board of education must adopt quality standards for charter school governance, finance, and operations by July 1, 2011, based on nationally recognized best practices.

• Standards must address at a minimum: excess benefits, executive compensation, nepotism, and conflicts of interest in charter school governance.

• Charter schools must operate consistent with the state board's adopted standards, and institute charter schools must meet or exceed these standards.

• Charter school authorizers (school districts and state charter school institute) must incorporate the adopted standards into their policies and systems for charter school approval, renewal, oversight, and accreditation.

• State board may appoint a committee of educators, parents, industry leaders, and other interested parties to assist in developing the standards.