(1) the aid ratio and market value/income aid ratio for the school district that granted a charter to the charter school;

(2) for a regional charter school, the aid ratio and market value/income aid ratio shall be a composite, as determined by the department, based on the school districts that granted the charter; or

(3) for a cyber charter school, the aid ratio and market value/income aid ratio shall be that of the school district in which the administrative offices of the cyber charter school are located.

“Appeal board” shall mean the State Charter School Appeal Board established by this article.

“At-risk student” shall mean a student at risk of educational failure because of limited English proficiency, poverty, community factors, truancy, academic difficulties or economic disadvantage.

“Charter school” shall mean an independent public school established and operated under a charter from the local board of school directors and in which students are enrolled or attend. A charter school must be organized as a public, nonprofit corporation. Charters may not be granted to any for-profit entity.

“Chief executive officer” shall mean an individual appointed by the board of trustees to oversee and manage the operation of the charter school, but who shall not be deemed a professional staff member under this article.

“Cyber charter school” shall mean an independent public school established and operated under a charter from the Department of Education and in which the school uses technology in order to provide a significant portion of its curriculum and to deliver a significant portion of instruction to its students through the Internet or other electronic means. A cyber charter school must be organized as a public, nonprofit corporation. A charter may not be granted to a for-profit entity.

“Department” shall mean the Department of Education of the Commonwealth.

“Local board of school directors” shall mean the board of directors of a school district in which a proposed or an approved charter school is located.

“Regional charter school” shall mean an independent public school established and operated under a charter from more than one local board of school directors and in which students are enrolled or attend. A regional charter school must be organized as a public, nonprofit corporation. Charters may not be granted to any for-profit entity.

“School district of residence” shall mean the school district in this Commonwealth in which the parents or guardians of a child reside.

“School entity” shall mean a school district, intermediate unit, joint school or area career and technical school.

“Secretary” shall mean the Secretary of Education of the Commonwealth.

“State board” shall mean the State Board of Education of the Commonwealth.