Closure and Dissolution. In the event that the Charter School is required to cease operation for any reason, including but not limited to closure, non-renewal, revocation, or voluntary surrender of the charter, the Charter School shall cooperate with the Authorizer to ensure orderly closure of the Charter School including, but not limited to:
a. Timely notification of parents and teachers of the closure decision;
b. Securing student records and transferring them to the LEA in which the Charter School is located;
c. Assisting in placing students in appropriate schools;
d. Managing all financial records consistent with the Authorizer’s school closure requirements and policies; and
e. Disposal of school assets in accordance with the Act and this Agreement. The Charter School shall also comply with any closure policies or protocols established by the Authorizer. Dissolution of the Charter School following revocation, expiration of this Agreement, dissolution or cessation of operations, or non-renewal shall comply with T.C.A. §§ 49-13-110(e) and 00-00-000. The Charter School shall be responsible for winding down operations, including payment of any and all debts, obligations, or liabilities incurred at any time by the Charter School. Under no circumstances shall the Authorizer be responsible for such obligations. Charter School personnel and the Governing Body shall cooperate fully with any activity related to school closure or phase out. If assets of the Charter School were funded with funds from the Authorizer, other than funds described in Sections 9.1 and 9.2, and such assets remain after paying the Charter School’s debts and obligations and not requiring return or transfer to donors or grantors, such assets will become the property of the Authorizer.
Closure and Dissolution. In the event that the Charter School is required to cease operation for any reason, including but not limited to non-renewal, revocation, or voluntary surrender of the charter, the Charter School shall cooperate with the Chartering Authority to ensure orderly closure of the charter School including, but not limited to:
Closure and Dissolution. In the event that the Charter School is required to cease operation for any reason, including but not limited to closure, non-renewal, revocation, or voluntary surrender of the charter, the Charter School shall cooperate with the Authorizer to ensure orderly closure of the Charter School including, but not limited to:
a. Timely notification of parents and teachers of the closure decision;
b. Securing student records and transferring them to the LEA in which the Charter School is located;
c. Assisting in placing students in appropriate schools;
d. 0DQDJLQJ DOO ILQDQFLDO UHFRUGV FRQVLVWHQW ZL requirements and policies; and
e. Disposal of school assets in accordance with the Act, this Agreement and the &KDUWHU 6FKRROȇV $UWLFOHV RI ΖQFRUSRUDWLRQ DQ The Charter School shall also comply with any closure policies or protocols established by the Authorizer. Dissolution of the Charter School following revocation, expiration of this Agreement, dissolution or cessation of operations, or non-renewal shall comply with T.C.A. §§ 49-13-110(e) and 00-00-000. The Charter School shall be responsible for winding down operations, including payment of any and all debts, obligations, or liabilities incurred at any time by the Charter School. Under no circumstances shall the Authorizer be responsible for such obligations. Charter School personnel and the Governing Body shall cooperate fully with any activity related to school closure or phase out. If assets of the Charter School were funded with funds from the Authorizer, other than funds described in Sections 9.1 and 9.2, and such assets remain DIWHU SD\LQJ WKH &KDUWHU 6FKRROȇV GHEWV DQG or transfer to donors or grantors, such assets will become the property of the Authorizer.
Closure and Dissolution. In the event that the Charter School is required to cease operation for any reason, including but not limited to closure, non-renewal, revocation,
a. Timely notification of parents and teachers of the closure decision;
b. Securing student records and transferring them to the LEA in which the Charter School is located;
c. Assisting in placing students in appropriate schools;
d. Managing all financial records consistent with the Authorizer’s school closure requirements and policies; and
e. Disposal of school assets in accordance with the Act and this Agreement. The Charter School shall also comply with any closure policies or protocols established by the Authorizer. Dissolution of the Charter School following revocation, expiration of this Agreement, dissolution or cessation of operations, or non-renewal shall comply with T.C.A. §§ 49-13-110(e) and 00-00-000. The Charter School shall be responsible for winding down operations, including payment of any and all debts, obligations, or liabilities incurred at any time by the Charter School. Under no circumstances shall the Authorizer be responsible for such obligations. Charter School personnel and the Governing Body shall cooperate fully with any activity related to school closure or phase out. If assets of the Charter School were funded with funds from the Authorizer, other than funds described in Sections 9.1 and 9.2, and such assets remain after paying the Charter School’s debts and obligations and not requiring return or transfer to donors or grantors, such assets will become the property of the Authorizer.
Closure and Dissolution
