1.1 	A bill for an act
1.2 	relating to education; extending the period of time covered by a renewed contract 
1.3 	for a sponsor's authorization for a charter school;amending Minnesota Statutes 
1.4 	2005 Supplement, section 124D.10, subdivision 6.
1.5 	BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

1.6 	Section 1. Minnesota Statutes 2005 Supplement, section 124D.10, subdivision 6, 
1.7 	is amended to read:
1.8 		Subd. 6.Contract. The sponsor's authorization for a charter school must be in the 
1.9 	form of a written contract signed by the sponsor and the board of directors of the charter 
1.10 	school. The contract must be completed within 90 days of the commissioner's approval 
1.11 	of the sponsor's proposed authorization. The contract for a charter school must be in 
1.12 	writing and contain at least the following:
1.13 	(1) a description of a program that carries out one or more of the purposes in 
1.14 	subdivision 1;
1.15 	(2) specific outcomes pupils are to achieve under subdivision 10;
1.16 	(3) admission policies and procedures;
1.17 	(4) management and administration of the school;
1.18 	(5) requirements and procedures for program and financial audits;
1.19 	(6) how the school will comply with subdivisions 8, 13, 16, and 23;
1.20 	(7) assumption of liability by the charter school;
1.21 	(8) types and amounts of insurance coverage to be obtained by the charter school;
1.22 	(9) the term of the contract, which may be up to three years for initial contracts 
1.23 	and up to five years for renewed contracts;
2.1 	(10) if the board of directors or the operators of the charter school provide special 
2.2 	instruction and services for children with a disability under sections 125A.03 to 125A.24, 
2.3 	and 125A.65, a description of the financial parameters within which the charter school will 
2.4 	operate to provide the special instruction and services to children with a disability; and
2.5 	(11) the process and criteria the sponsor intends to use to monitor and evaluate the 
2.6 	fiscal and student performance of the charter school, consistent with subdivision 15.