Establishes various requirements for charter schools, charter school board of trustees members, charter management organizations, and education management organizations.*

This bill establishes new requirements for New Jersey charter schools, their boards of trustees, and charter management organizations. It mandates that board members possess relevant experience (legal, fiscal, educational, community, or governance) and maintain their principal residence in the charter school's district, requires public posting of budgets and annual reports on school websites, and prohibits charter schools from contracting with for-profit entities for operations. The bill also requires regular compensation studies for school leaders, prohibits non-disclosure agreements with employees, and establishes procedures for charter renewal and revocation based on performance. These provisions aim to increase transparency and accountability in the charter school system.