A BILL TO AMEND SECTION 59-40-40, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO DEFINITIONS IN REGARD TO CHARTER SCHOOLS, SO AS TO REVISE THE DEFINITION OF A "SPONSOR"; TO AMEND SECTION 59-40-55, RELATING TO SPONSOR POWERS AND THE RETENTION OF FUNDS, SO AS TO PROVIDE THAT PUBLIC OR INDEPENDENT INSTITUTIONS OF HIGHER LEARNING ARE NOT PERMITTED TO RETAIN AN ADMINISTRATIVE FEE, AND TO PROVIDE THAT THE COST OF ANY SERVICE DELIVERED TO THE CHARTER SCHOOL BY A PUBLIC OR INDEPENDENT INSTITUTION OF HIGHER LEARNING MUST BE AT ITS DIRECT COSTS INCLUDING THOSE FOR ADMINISTERING AND OVERSEEING CHARTER SCHOOL FUNDS; AND TO AMEND SECTION 59-40-150 RELATING TO THE DUTIES OF THE DEPARTMENT OF EDUCATION IN REGARD TO CHARTER SCHOOLS, SO AS TO REQUIRE THE DEPARTMENT TO ESTABLISH A CHARTER SCHOOL PAGE ON THE DEPARTMENT'S INTERNET WEBSITE WHICH INCLUDES SPECIFIC INFORMATION REGARDING CHARTER SCHOOLS.