Creates and modifies provisions relating to elementary and secondary education

HB 2723 replaces Missouri's existing charter school regulations with new requirements. It directly affects charter school applicants, sponsors, and school boards by mandating detailed application proposals covering mission statements, financial plans for three years, academic performance standards (including test scores and graduation rates), curriculum, admission policies, and grievance procedures. Key provisions require charter schools to include legally binding performance contracts with sponsors, meet health/safety standards before opening, and outline student discipline and transition plans if closing. The bill focuses on increasing accountability and transparency in charter school operations under Missouri law.