[1]NOTE:
As provided in LFC policy, this report is intended only for use by the
standing finance committees of the legislature. The Legislative
Finance Committee does not assume responsibility for the accuracy of the information
in this report when used in any other situation.
Only the most recent
FIR version (in HTML & Adobe PDF formats) is available on the Legislative
Website. The Adobe PDF version includes
all attachments, whereas the HTML version does not. Previously issued FIRs and attachments may be obtained from the
LFC’s office in Suite 101 of the State Capitol Building North.
|
SPONSOR: |
Romero |
DATE TYPED: |
2-5-02 |
HB |
|
||
|
SHORT TITLE: |
Renewal Terms for Charter Schools |
SB |
204 |
||||
|
|
ANALYST: |
Segura |
|||||
APPROPRIATION
|
Appropriation
Contained |
Estimated
Additional Impact |
Recurring or Non-Rec |
Fund Affected |
||
|
FY02 |
FY03 |
FY02 |
FY03 |
|
|
|
|
NFI |
|
|
|
|
|
|
|
|
|
|
|
(Parenthesis
( ) Indicate Expenditure Decreases)
State Department of Education (SDE)
SUMMARY
Synopsis of Bill
Senate Bill 204 amends
the 1999 Charter School Act, Section 22-8B-12 NMSA 1978, Laws 1999, Chapter
281, Section 12.
Significant
Issues
Currently a charter school may be approved for an initial term of five years and may be renewed for successive periods of five years. Senate Bill 204 proposes that a charter school may be renewed for successive periods of 15 years. Also, approvals of less than 15 years can be agreed to between the charter school and the local board.
OTHER SUBSTANTIVE ISSUES
According to SDE,
charter schools in the State of Arizona can be renewed for periods of 15 years.
Having a longer term of renewal might increase the ability of charter schools
to raise capital.
[1]Begin typing on the * in replace mode. Do not add or delete spaces.