The Legislature declares that by authorizing the formation of charter schools it is not authorizing:
1. The conversion of an existing public school, homeschool or other program of home study to a charter school.
2. A means for providing financial assistance for private schools or programs of home study. The provisions of this subsection do not preclude:
(a) A private school from ceasing to operate as a private school and reopening as a charter school in compliance with the provisions of this chapter.
(b) The payment of money to a charter school for the enrollment of children in classes at the charter school pursuant to subsection 1 of NRS 388A.471 who are enrolled in a public school of a school district or a private school or who are homeschooled.
3. The formation of charter schools on the basis of a single race, religion or ethnicity.