Bill > S1336

This bill requires that after a charter school's application is approved but before it opens its doors, the applicant must provide proof of a surety bond or a secured escrow account. This financial guarantee must be for an amount that covers at least the first year's projected expenses, including salaries, leases, and purchased services, to ensure the school has the necessary funds to operate. The bill also makes a technical change to a section concerning high-performing charter schools, updating a reference to a specific subsection of the charter school application process.