Amends GS 115C-218.3 (Fast track replication of high-quality charter schools) to change the requirements a charter applicant must satisfy in the fast track replication process adopted by the State Board of Education. Charter applicants must either (1) demonstrate that the majority of the charter schools in the state governed by the board of directors seeking fast track replication have had student outcomes over the previous three school years equal to or greater than the student outcomes of the local school administrative unit in which each charter school is located and provide three years of financially sound audits for each of the schools it governs; or (2) contract with a education or charter management organization that can demonstrate that the majority of the charter schools in the state managed by the organization have had student outcomes over the previous three school years equal to or greater than the student outcomes of the local school administrative unit in which each charter school is located and provide three years of financially sound audits for each of the schools it manages.