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source.__The fund must be established within 3 months of the | effective date of this section. |
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| | 2.__Directors.__There must be at least 7 directors of the | fund, including members of the public and representatives from | appropriate state agencies.__The Governor shall appoint 3 | directors, the department shall appoint 3 directors and the | state board shall appoint one director.__Directors serve at | the pleasure of their respective appointing authority. |
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| | Sec. 5. Maine State Retirement System. The Maine State Retirement | System shall review the laws governing participating local | districts' retirement plans and shall submit emergency | legislation no later than November 28, 2003 to the Second | Regular Session of the 121st Legislature to propose changes | necessary to fully implement this Act. |
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| | Sec. 6. Review. The Commissioner of Education, with assistance | from the State Board of Education, shall conduct a review of | charter schools, created under the Maine Revised Statutes, | Title 20-A, chapter 112, 4 years after the effective date of | this Act. The commissioner shall submit a report and any | recommendations to the joint standing committee of the | Legislature having jurisdiction over education and cultural | affairs by December 15th of the following year. |
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| | This bill allows certain educational bodies to approve the | establishment of charter schools, a new type of public school, | to be a part of the State's program of public education. |
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| | Charter schools may be existing public schools or school | units, new schools or existing nonprofit, nonsectarian schools | that convert to charter status. A chartering authority may be | a local school board or nonsectarian, 4-year postsecondary | institution. |
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| | Charter schools are created to offer students and parents a | choice of public schools. Charter schools are open to all | students equally, though they may specialize in serving a | particular age group, a specific geographic area or a student | population with specific needs. A charter school may not be | affiliated with a religious institution and must be | nonsectarian in its programs, practices and policies. |
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| | Charter school staff must include at least one teacher | holding an appropriate teaching certificate. Teachers in | charter schools are employees of the charter school and have | the right to |
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