SCH CD-CHARTER SCH-CERT-FISCAL

Amends the Charter Schools Law of the School Code. Provides that (i) no renewal of a previously certified contract is effective unless and until the State Board certifies that the renewal is consistent with the Law and (ii) a material revision to a previously certified contract may go into effect immediately upon approval of both the local school board and the governing body of the charter school, unless either party requests certification by the State Board (instead of providing that no material revision to a previously certified contract or a renewal shall be effective unless and until certification is made by the State Board). Provides that the first day of the fiscal year of a charter school shall be July 1 (instead of no earlier than August 15 and no later than September 15 of a calendar year). Effective July 1, 2014.