Bill > S0906

This bill requires that charter school applications include a comprehensive list of all charter schools previously or currently operated by the applicant, applicant group, or proposed management company, detailing their success or failure, including any cancellations within two years of opening. It also mandates that sponsors, which are entities that authorize charter schools, must consider the past performance of these applicants and their associated management companies when reviewing applications. Furthermore, the bill explicitly authorizes sponsors to deny an application if the applicant has a history of charter school failures, and it adds a requirement for applicants to provide documentation of adequate financial resources to support the school's operation, which can include bank statements, financial statements, and loan documents.