Year of Law:
1999
(see Legislative Summary) Number of Charter Schools:
15
Number of Enrolled Students:
4649
Details: not available Web Communities: not available Discussions: not available
Key Contacts
Legislative Summary Law: not available
Amendment(s): not available
Authorizers:
Local school boards or vocational-technical school districts.
Length of charter:
3 years
Caps on number of schools:
Yes. Charter schools may open only in school districts with 5000 or more students and a population of at least 500,000 or in vocational-technical school districts which serve such school districts.
Funding:
Like any public school, charter schools receive state funding through the State Aid funding formula, set by law. Up to 5 percent of a school's allocation may be retained by its sponsor for administrative costs. Charter schools may receive additional funding through public aid, grants and other revenue as well as private sources, but the schools must be nonprofit.
The Charter Schools Incentive Fund (70 O.S. § 3-144) assists those interested in establishing charter schools. Applicants are eligible for up to $50,000 for start-up costs and renovation efforts.
