Written comments on this proposed framework should be sent to the Board by March 30, 2001.
Some states limit charters to three years.
In order to renew a charter after the initial term, authorizers typically review past performance and ask operators about their plans for the next charter term. In passing the DC School Reform Act in 1996, Congress took note of the difficulties many charter schools were having in obtaining long-term financing. Lenders around the country were unfamiliar with charter schools and were particularly wary of their potentially short lifespans. However, in exchange for this extended duration, the Act requires certain accountability measures at shorter intervals. Under the Act, charter renewal happens at year 15, according to a process specified in the law.