SB12-061 Summary

• Extends initial charter school term from three to four years and requires annual performance reviews by the authorizing district or institute during the charter term.

• Establishes detailed application requirements for charter schools contracting with education management providers, including performance data, conflict-of-interest disclosures, and performance contract specifications.

• Modifies charter application and renewal timelines, requiring school districts and institutes to determine application completeness within 15 days and rule on applications within 90 days (changed from 75 days).

• Changes the standard for charter revocation or nonrenewal from "reasonable progress" to "adequate progress" toward performance goals and adds procedures for schools on turnaround plans for two or three consecutive years.

• Requires school districts and institutes to adopt closure procedures for revoked or non-renewed charters, ensuring schools operate through end of school year when practicable and coordinate student placement with parents.