Enacts GS 115C-218.12, Operation of a cooperative innovative high school, to authorize the board of directors of a charter school to establish a cooperative innovative high school under Part 9 of Article 16 of GS Chapter 115C (provisions for the application, approval and operation of cooperative innovative high schools). Establishes that a charter school that is approved as a cooperative innovative high school is subject to the statutes and rules applicable to those schools.

Makes conforming changes to GS 115C-238.50A(3a) to expand the definition of local board of education, as the term is used in Part 9 of Article 16 of GS Chapter 115C, to include a board of directors of a charter school as provided in GS 115C-218.15 (provisions for charter school operation).

Amends GS 115C-238.53(f)(1), which provides that innovative cooperative high schools have the same exemptions from statutes and rules as charter schools operating under Article 14A of GS Chapter 115C, to clarify that a local board of education is not exempt from applicable statutes and rules pertaining to its personnel.

Applies to applications to establish a cooperative innovative high school program submitted on or after the date this act becomes law.