NC S482

Allows charter schools to give enrollment priority to children of permanent employees of corporate partners, limited to no more than 50% of total school enrollment, with excess applications decided by separate lottery.

Defines "corporate partner" as any legal entity authorized to do business in North Carolina that has donated land, building/space, or major renovations/technology improvements valued at least 50% of the state's per pupil allocation times the school's average daily membership.

Requires charter schools and corporate partners to enter into annual memoranda of understanding specifying the duration of priority and methods of support such as internships, career counseling, tutoring, or enrichment activities.

Permits persons affiliated with corporate partners to serve on charter school boards, provided they do not constitute a majority and any leased facilities are provided without cost for the charter duration.

Protects existing students from displacement and requires material revision approval by the State Board of Education to implement enrollment priority policies.