This bill amends the procedures for the closing of chartered public schools, specifically addressing the management and preservation of records. It repeals and reenacts RSA 194-B:16, which outlines the conditions under which a charter may be revoked, including material violations of charter conditions, fiscal mismanagement, legal violations, and failure to comply with reporting requirements. The bill also allows parents and school boards to petition for charter revocation and mandates that the state board consult with relevant parties before taking action. Additionally, it establishes a probationary status for schools to implement remedial plans, with the possibility of immediate revocation in cases of extraordinary risk to students.

Furthermore, the bill introduces a new section, RSA 194-B:16-a, which requires that all records from closed chartered public schools be transferred electronically to the Department of Education, which will act as the custodian of these records for 60 years. This section specifies the types of student records to be maintained, including personal information, academic performance, and health information. It also mandates that the Department provide guidance on how to request records from closed schools and establishes rules for preserving and furnishing copies of these records. The effective date of the act is upon its passage.