Revises provisions relating to charter schools. (BDR 34-757)

AB 495 modifies Nevada law to give charter school sponsors more flexibility when schools receive low performance ratings. It states that sponsors are not required to terminate a charter school's contract or restart it under a new contract if the school is making progress toward meeting at least two specific achievement and performance targets, even if it has received three low ratings in five years. This change directly affects charter school sponsors (like school districts or nonprofit organizations) and the schools themselves, allowing continued operation based on demonstrated improvement rather than automatic termination. The bill does not alter the statewide accountability system's rating structure or create new state/local costs.