Amends the Charter Schools Law of the School Code. Allows the State Board of Education to withhold from each charter school it authorizes up to an additional 3% of the revenue provided to the school as an administrative fee for the purpose of conducting administrative duties related to the administration of the charter school contract, oversight, or authorizing services. Provides that for a charter school authorized by a school board, any amount of agreed funding withheld by the school board as an administrative fee for the purpose of conducting administrative duties related to the administration of the charter school contract, oversight, or authorizing services may not exceed 3% of agreed funding and the amount withheld may not result in the charter school receiving less than the required minimum funding level. Sets forth allowable uses for the administrative fee. Provides that any portion of the administrative fee that is not expended on allowable uses during the fiscal year shall be returned to the charter school. Requires the school board to provide an annual public accounting to the charter school and to the State Board detailing the amount collected as an administrative fee, the allowable uses funded from the fee, and the amount returned from any unexpended fee funds.

Statutes affected:
Introduced: 105 ILCS 5/27