SCH CD-CHARTER SCH-FEE/RENEWAL

Amends the Charter Schools Article of the School Code. In provisions concerning contract contents, provides that for a charter granted or renewed on or after the effective date of the amendatory Act by a local school board, administrative fees withheld from a charter school under the charter for the purpose of conducting administrative duties shall be capped at 3% or less of the total annual public dollars allocated to the charter school. Provides that the 3% total administrative fee collected from a charter school shall include a 2% or less administrative fee collected by a local school board for the purpose of conducting administrative duties related to the administration of charter school contracts, oversight, and authorizing services, and a 1% fee to be either (i) given to a statewide charter school membership association for the purpose of administering State-mandated board governance training, and compliance and technical assistance to charter schools for the purpose of meeting academic, financial, and operational reporting requirements, or (ii) sub-granted by a statewide charter school membership association to charter schools for the purpose of meeting academic, financial, and operational requirements as agreed upon with the authorizer in the charter school's contract. In provisions concerning the term of a charter, provides that an authorizer shall grant renewal for a term of no fewer than 5 years if the charter's average annual summative designation over the term of the charter is in the top 3 summative designations on the State report card prepared by the State Board of Education.