This bill amends the procedures for closing chartered public schools and establishes new requirements for record-keeping and the management of transcript request fees. It repeals and reenacts RSA 194-B:16, detailing the conditions under which a charter may be revoked, including material violations of charter conditions, fiscal mismanagement, and failure to comply with reporting requirements. The state board is empowered to place schools on probation and develop remedial plans, with the possibility of immediate revocation in cases posing extraordinary risk to students. Additionally, if a charter is revoked or expires, the school must dissolve according to its charter provisions, with assets reverting to the local school district.

The bill also introduces a new section, RSA 194-B:16-a, which mandates that all records from closed charter schools be transferred to the Department of Education, where they will be preserved for 60 years. The department will act as the custodian of these records and establish a fee schedule to cover maintenance costs. Furthermore, a non-lapsing fund, known as the closed charter schools fund, is created to manage transcript request fees collected by the department. This fund will be continually appropriated to support the storage and retrieval of records from closed charter schools.

Statutes affected:
As Amended by the Senate: 6:12