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 circumstances 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 relevant parties 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 assets reverting to the local school district, and parents may apply to other charter schools for their children.

Additionally, the bill introduces RSA 194-B:16-a, which mandates that all records from closed charter schools be electronically 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. 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
CHAPTERED FINAL VERSION: 6:12