SCH CD-CHARTER SCHOOLS

Amends the Charter Schools Law of the School Code. Provides that a charter school established on or after the effective date of the amendatory Act may not enter into a contract with a for-profit charter management organization or educational management organization. Sets forth provisions concerning property purchased with public funds. Provides that no chief executive officer of a charter school may receive compensation greater than 80% of the compensation of the superintendent of schools of the school district where the charter school is located. Provides that no charter school principal may receive compensation greater than 10% more than the average compensation for principals in the school district where the charter school is located. Provides that a charter school authorized under the Code must expend a minimum of 84% of the total revenues due from the authorizer on incurred expenses for instruction, instructional materials, operations and maintenance, transportation, and support services that may have been applicable prior to July 1, 2018, as identified by the State Board of Education. Provides that the remaining 16% of the total revenues may, subject to limitations, be expended by the charter school, at its discretion, on administrative or program support costs.