The Charter School Program Act of 1995 (P.L. 1995 c. 426, N.J.S.A. 18A:36A), effective January 11, 1996, authorizes the Commissioner of Education to establish a charter school program.
New Jersey Administrative Code, Charter Schools, (N.J.A.C. 6A:11) provides the state regulations to implement the Charter School Program Act of 1995.
Charter Schools are subject to the Fiscal Accountability, Efficiency, and Budgeting Procedures as described in New Jersey Administrative Code, Charter Schools, (N.J.A.C. 6A:23A). From an accounting and funding standpoint, chapters 15 (State Aid Calculations and Aid Adjustments for Charter Schools), 16 (Double-Entry Bookkeeping and GAAP Accounting), and 22 (Financial Operations of Charter Schools) in N.J.A.C. 6A:23A are particularly applicable for charter schools.