Amends GS 115C-218.45 to allow a charter school to give enrollment priority to children of permanent employees of a corporate partner, limited to no more than 50% of the school's total enrollment. Defines a corporate partner as any legal entity authorized to transact business in this State under GS Chapters 55, 55A, 55B, 57D, or 59 and that has donated one or more of the following to the charter school: (1) the land on which the school is built; (2) the school building or the space the school occupies (with additional provisions governing when the corporate partner is leasing the building or space to the school); or (3) major renovations (as defined in the act) to the existing school building or other capital improvements, including major investments in technology. Requires the corporate partner and the charter school to enter into a memorandum of understanding each year that the charter school provides the corporate partner with enrollment priority, that specifies the duration of the priority and the methods by which the corporate partner will support the charter school. Prohibits implementing the enrollment priority in a way that displaces students who are enrolled at the school at the time the charter application or the material revision providing for the priority is approved by the State Board of Education.

Amends GS 115C-218.1 to require a nonprofit corporation's application to establish a charter school to also include whether the school intends to give enrollment priority to the child of a corporate partner, and requires that the partner be identified.

Amends GS 115C-218.7 to consider adoption of the enrollment priority in GS 115C-218.45(f)(3)c (appears to intend the new priority for children of corporate partners) as a material revision of the charter.

Amends GS 115C-218.15 to allow a person affiliated with a corporate partner to be a member on the board of directors of the charter school that provides enrollment priority and sets parameters related to that membership.

Applies beginning with the 2017-18 school year.