Charter School Accountability Act of 2015

[AI summary unavailable — showing source text] Charter School Accountability Act of 2015 This bill amends the Elementary and Secondary Education Act of 1965 to replace the charter school grant program, through which states receive formula-based grants, with a competitive grant program. The Department of Education (ED) shall award grants to: (1) support the start up of charter schools that have been thoroughly vetted for quality and local impact, and (2) replicate or expand high-quality charter schools. To be eligible to receive grant funding, a state must: have legally binding rules related to fiduciary duties and conflicts of interest of charter school officers, directors, managers, and employees; require all charter schools to annually conduct and publicly disclose independent audits; provide that charter schools are covered by the state's open meetings and open records laws to the same extent as public schools are covered by those laws; have policies in effect that hold charter school authorizers accountable for monitoring a charter school's educational performance and financial operations; and require a charter school to make certain public disclosures related to its operation and funding. The bill also revises the per-pupi…