Length of charter:
Charters are valid until revoked.
Caps on number of schools:
State Board is authorized to have 24 charters in 2003 and 8 additional in subsequent years. LEAs have no caps on their numbers.
On average, 75 percent of per-pupil funding follows the child. The school district in which a charter school student resides shall pay to the host school district one-half of the amount by which the resident school district's per-student expenditure exceeds the value of the state funding. Under "How are charter schools financed?"