CHARTER SCH-FINANCING-CONSTRUC

Amends the Illinois Pension Code, the Charter Schools Law of the School Code, and the School Construction Law. In the Chicago Teachers Article of the Illinois Pension Code, provides that the definition of employer includes charter schools only with respect to persons hired before the effective date of the amendatory Act. Makes changes concerning local financing for charter schools. Provides that the State Board of Education shall make direct payments to charter schools on a per capita basis for each categorical otherwise available to a school board for students enrolled in the charter school. Provides that the State Board shall make direct grants of up to 25% of the per capita grants to charter schools whose performance is superior. Provides that in determining the amount of school construction project grants and debt service grants, the State Board shall review an application from a charter school independently from the application of the authorizing school board and shall dedicate and direct a reasonable portion of these grants towards the needs of those students enrolled in applicant charter schools that are eligible for the grants. Effective immediately.