Prohibits charter schools from contracting with for-profit entities for management and oversight.
The CHARTER Act amends the Elementary and Secondary Education Act and the Individuals with Disabilities Education Act to prohibit charter schools from entering into contracts with for-profit entities for managing or overseeing the school. This includes prohibiting for-profit entities from receiving a portion of school revenue to extract profit. The bill aims to ensure that public funds are used responsibly and not depleted by profit extraction, benefiting students and taxpayers.
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