1. As used in P.L.1995, c.426 (C.18A:36A-1 et seq.):
“Charter management organization” means a nonprofit organization that is exempt from federal taxation pursuant to section 501(c)(3) of the federal Internal Revenue Code, 26 U.S.C. s.501(c)(3), which operates or manages one or more charter schools linked by centralized support and operations.
“Charter school” means a school established pursuant to P.L.1995, c.426 (C.18A:36A-1 et seq.). A charter school does not include a renaissance school project approved pursuant to the provisions of the “Urban Hope Act,” P.L.2011, c.176 (C.18A:36C-1 et seq.).
“Compensation study” means a review by the board of trustees of a charter school, or a third-party organization contracted by the board of trustees to conduct the review, of the proposed total remuneration for the top three salaried employees of the charter school compared to compensation for similar positions in school districts in the State and any other information the Commissioner of Education deems necessary.
“Education management organization” means a for-profit organization that operates or manages one or more charter schools linked by centralized support and operations.