This bill establishes a comprehensive framework for the creation and operation of charter schools in South Dakota, defining key terms such as "authorizing entity" and "charter school." It outlines the requirements for charter schools, including compliance with civil rights, health, and safety standards, as well as maintaining nonsectarian operations. The bill mandates that charter schools provide a comprehensive educational program, adhere to state and federal laws regarding special education, and maintain separate financial records from their authorizing entities. It also requires annual audits and compliance with open meetings and records laws, while detailing the application process for establishing a charter school, including necessary documentation and criteria for approval.

Additionally, the legislation emphasizes accountability and performance monitoring, mandating that all student performance data be disaggregated by various demographics to ensure compliance with privacy laws. The authorizing entity is responsible for monitoring performance and legal compliance, with the authority to require corrective actions if necessary. The bill establishes guidelines for admissions, ensuring an open enrollment policy while prioritizing certain criteria, and stipulates that at least 75% of teachers must hold appropriate certifications. It also clarifies financial responsibilities and allows charter schools operational independence in areas such as property acquisition and personnel hiring, while detailing processes for contract revocation and asset distribution upon closure. Overall, the bill aims to enhance governance, accountability, and operational autonomy of charter schools while ensuring equitable access to education.