This bill amends the procedures for closing chartered public schools, establishing 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 required to consult with the school board and board of trustees before revoking a charter and may place a school on probation for up to one year to implement a remedial plan. If a charter is revoked or expires, the school must dissolve according to its charter provisions, with any assets reverting to the local school district.

Additionally, the bill 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 for maintaining and providing access to them. A new non-lapsing fund, the closed charter schools fund, is created to manage transcript request fees collected by the department, ensuring that these funds are continually appropriated for the management of closed charter school records.

Statutes affected:
As Amended by the Senate: 6:12
Version adopted by both bodies: 6:12