Charter schools are public schools that operate under a “charter,” or “charter contract” which frees them from many regulations created for traditional public schools while holding them accountable for academic and financial results. The charter contract is between the charter school’s sponsoring entity and the Arkansas State Board of Education or the Commissioner of Education.
“Charter,” or “charter contract” means a performance-based contract for an initial five-year period between the authorizer and an approved applicant for public charter school status that exempts the public charter school from state and local rules, regulations, policies, and procedures specified in the contract and from the provisions of Title 6 of the Arkansas Code specified in the contract.
Source: Ark. Code Ann. § 6-23-103(2)
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