Amends GS 115C-238.29F(d) as the title indicates. Directs a school with a student enrollment of at least 30% of students with disabilities, as defined in GS 115C-106.3(1), who require individualized education programs (IEPs) to design an alternative accountability model to meet state performance standards that meet the alternative accountability guidelines adopted by the State Board of Education (SBE).

Amends GS 115C-238.29G(a1) to direct the SBE to include criteria specific to schools who design an alternative accountability model to meet state performance standards in the criteria that the SBE adopts for adequate performance by a charter school. Creates an exception to the adequacy criteria for a charter school with an alternative accountability model.

Directs the SBE to develop alternative accountability model guidelines for charter schools whose enrollment consists of at least 30% of students with disabilities who require IEPs, and to develop criteria for adequate performance for charter schools that design an alternative accountability model under GS 115C-238.29F(d) as amended by this act. Requires the SBE to adopt the guidelines and criteria required by this act by January 1, 2015.

Appropriates $53,000 for the 2014-15 fiscal year in recurring funds from the General Fund to the Department of Public Instruction, Office of Charter Schools, to fund an additional one-half consultant position in the Office of Charter Schools to implement the requirements of this act. Effective July 1, 2014.

Except as previously indicated, this act is effective when it becomes law and applies beginning with the 2015-16 school year.