Statutory Grounds for Revocation. This Charter may be revoked prior to expiration of the initial term or any renewal term by the University upon a determination that one (1) or more of the following has occurred: (i) Failure of the Charter School to begin school operations and have students in attendance by the dates specified in this Charter; (ii) The Charter school has insufficient enrollment to successfully operate a charter school, or the Charter School has lost more than fifty percent (50%) of its student enrollment from the previous academic year; (iii) Failure of the Organizer to comply with any of the terms and conditions established in this Charter; (iv) Any of the representations made in this Charter was not true when made; (v) Failure of the Charter School to achieve the level of academic, financial, or organizational performance required by the University in the Accountability Framework; (vi) Failure of the Organizer to comply with all Applicable Laws; (vii) The Charter School was placed into the lowest category or designation created by the Indiana Department of Education under Indiana Code 20- 31-8-1 et seq. and has continuously remained in that category or designation for five (5) consecutive years; and/or (viii) Failure of the Organizer to follow generally accepted government accounting principles.
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Samples: Charter School Agreement, Charter School Agreement, Charter School Agreement
