The bill amends Section 16-77-3.1 of the General Laws regarding the establishment of charter public schools in Rhode Island. It introduces new legal language that emphasizes the legislative purpose of charter schools, which is to provide alternative educational opportunities while ensuring accountability for student achievement. The bill outlines the intent to improve pupil learning, increase educational opportunities for disadvantaged students, and encourage innovative teaching methods. It also specifies that charter schools must be nonsectarian and nonreligious, and that they must adhere to financial regulations set by the Rhode Island Department of Education.

Additionally, the bill imposes restrictions on the establishment of new charter schools by stating that no applications for new charter schools or expansions that would create a network charter school will be granted after the effective date of the bill. It mandates that at least half of the charter schools in the state must be dedicated to increasing educational opportunities for at-risk pupils. The act is set to take effect upon passage.