49-13-122 - Revocation or renewal of charter.
49-13-122. Revocation or renewal of charter.
(a) A public charter school agreement may be revoked or denied renewal by the final chartering authority if the chartering authority determines that the school did any of the following:
(1) Committed a material violation of any of the conditions, standards or procedures set forth in the charter;
(2) Failed to meet or make adequate yearly progress toward achievement of the state's accountability system; or
(3) Failed to meet generally accepted standards of fiscal management.
(b) If the chartering authority revokes or does not renew a charter agreement, the chartering authority shall state its reasons for the revocation or nonrenewal.
(c) A decision not to renew or to revoke a charter agreement may be appealed to the state board of education within ten (10) days of the decision, except for revocations or failures to renew based on any of the violations specified in subsection (d). State board appeals shall be handled on the same basis as provided in § 49-13-108.
(d) Except in the case of fraud, misappropriation of funds, flagrant disregard of the charter agreement or the provisions of this chapter or similar misconduct, or failure to make adequate yearly progress for two (2) consecutive years, a decision to revoke a charter shall become effective at the close of the academic year.
[Acts 2002, ch. 850, § 23.]