To eliminate the cap of 150 on the number of charter schools that can be chartered by universities, starting in 2015 (with 300 allowed in 2012 and 500 in 2013 and 2014). The bill would also eliminate a provision mandating union collective bargaining for charter schools authorized by regular school districts; allow charters to operate the same grade levels at multiple sites; eliminate some restrictions on where charter schools may be located; require more transparency by charter schools; restrict conflict of interest relationships between charter authorizers and school managers; exempt charter schools from some property tax; streamline various chartering procedures and regulations, as well as the process for revoking a failing charter school’s charter; and more.