Modifies various aspects of charter school program including approval, student admissions and enrollment procedures, and board of trustee membership.

This bill modifies New Jersey's charter school program by requiring charter school boards to include at least two local school board members and two community members chosen by the local board. It changes admission procedures to mandate a lottery for resident students (instead of random selection only when oversubscribed), requires waiting lists for vacancies, and limits non-resident enrollment to two bordering school districts. The bill also prohibits charter schools from expelling students and gives local school boards limited authority to override the commissioner's approval of new charter applications (but not rejections). These changes directly affect charter school operators, local school boards, and students seeking enrollment.