SCH CD-CHARTER SCH-COMPACT SCH

Amends the Charter Schools Law. Provides that the Chicago school district may enter into an agreement with a provider to establish and operate a compact school in the district. Provides that no more than 5 compact schools may operate at any one time in the district. Provides that the compact school shall have all of the powers and duties that a charter school has, unless otherwise specified. Sets forth requirements for the compact school, including requiring all teachers of the compact school to belong to an exclusive bargaining agent that represents teachers in the Chicago school district. Provides that under the agreement to establish and operate a compact school, the provider must enter into a 5-year contract with the exclusive bargaining agent that sets forth what provisions of the district's collective bargaining agreement will be waived by the teachers of the compact school. Effective July 1, 2006.