Modifying certain provisions providing for the sponsorship, formation and operation of charter schools; restricting sponsorship by private colleges; eliminating the requirement for the commissioner of children, families and learning to approve the formation of the schools, authorizing comment; authorizing renewal of contracts for a longer period of time than the initial period; providing for reduction in state aid to schools hiring unlicensed or unapproved teachers; requiring sponsors to monitor and evaluate fiscal and student performance, authorizing annual assessments, limits, requiring sponsor reports to the commissioner; authorizing the commissioner to approve continuation of a school under different eligible sponsorship; entitling all charter schools to building lease aid and specifying certain application requirements; requiring the commissioner to determine the recipients of integration aid grants, authorizing adoption of application guidelines; extending eligibility for compensation revenue under certain conditions; increasing certain prior appropriations to the commissioner for building lease aid and start up grants (ra)