Law & Regulations
The Charter School Program Act of 1995 (P.L. 1995 c. 426, N.J.S.A. 18A:36A), effective January 11, 1996, authorizes the Commissioner of Education to establish a charter school program. The act can be found in its entirety at:
N. J. Administrative Code, Charter Schools (N.J.A.C. 6A:11) provides the regulations to implement the Charter School Program Act of 1995. The act and the regulations are critical documents needed for developing and submitting an application to open a charter school. The Administrative Code can be accessed at:
Charter Schools are subject to the Finance and Business Service Code (N.J.A.C. 6A:23A.) This code explains fiscal accountability, efficiency and budgeting procedures for all New Jersey schools. From an accounting and funding standpoint, chapters 15 (State Aid Calculations and Aid Adjustments for Charter Schools), 16 (Double-Entry Bookkeeping and GAAP Accounting), and 22 (Financial Operations of Charter Schools) are particularly applicable for charter schools.