This bill proposes to amend current statutes related to school district receivership in Arizona by introducing a new section, 15-103.01, which outlines the consolidation of school districts when a district with fewer than 300 students is placed in receivership. Specifically, it mandates that if a high school or union high school district is in receivership, it will consolidate with the closest school district and any common school district within its boundaries. For other types of districts, only the closest school district will be involved in the consolidation. The bill also defines the criteria for determining the closest school district and establishes the governance structure for the newly formed district.

Additionally, the bill modifies the powers and responsibilities of the appointed receiver, stating that the receiver will not have certain powers previously outlined in section 15-103 and will be required to submit reports and financial plans to the new governing board. It also sets conditions under which the state board of education must dismiss the receiver, including financial solvency and compliance with accounting principles. Overall, the bill aims to streamline the process of consolidating struggling school districts and ensure their financial stability.

Statutes affected:
Introduced Version: 15-103.01