This bill introduces a new chapter in Title 15.1 of the North Dakota Century Code, establishing a comprehensive framework for the creation and operation of public charter schools in the state. It defines key terms such as "at-risk student," "charter performance agreement," and "public charter school," affirming that these schools are part of the state's public education system. The bill grants public charter schools autonomy in budgeting, curriculum, and operations while mandating adherence to performance standards outlined in their charter performance agreements. The superintendent of public instruction is tasked with overseeing the approval and monitoring of these schools, including evaluating applications, ensuring compliance with educational standards, and reporting to the legislative management on their performance within three years of the first charter school's approval.

Furthermore, the bill establishes specific guidelines for charter performance agreements, which must be executed within sixty days of an application’s approval and outline academic, operational, and fiscal expectations. It prohibits public charter schools from commencing operations without a signed agreement and includes provisions for annual evaluations and remediation opportunities for underperforming schools. The bill also details the processes for renewing or revoking charter performance agreements, requiring public meetings and notifications for revocation actions. Additionally, it addresses financial and operational requirements, ensuring that public charter schools adhere to accounting principles, undergo independent audits, and have access to necessary facilities and resources.