MI SB0618

Creates three types of charter schools in Michigan: public school academies, urban high school academies, and schools of excellence, each with distinct authorization requirements and operational standards.

Establishes that schools of excellence require superintendent approval, with the first 5 contracts limited to high schools in districts with graduation rates below 75%, and allows up to 2 cyber school contracts statewide for full online K-12 instruction.

Requires all three school types to use certificated teachers, maintain open enrollment with random selection when oversubscribed (except for specified priority groups like siblings), and prohibit tuition charges.

Mandates transparent financial reporting including posting of adequate yearly progress and accreditation status on school websites within 20 days of notification, and requires management companies to disclose the same information as traditional school districts.

Allows charter school contracts to be revoked for failure to demonstrate improved student achievement, non-compliance with law, or poor fiscal stewardship, with property and assets reverting to the state upon closure.