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| 1 | | disposition of any of the school's property or assets, any |
| 2 | | property or assets of the charter school purchased with public |
| 3 | | funds shall be returned to the school district or districts |
| 4 | | from which the charter school draws enrollment, at no cost to |
| 5 | | the receiving district or districts, subject to each |
| 6 | | district's acceptance of the property or asset. Any unspent |
| 7 | | public funds or other property or assets received by the |
| 8 | | charter school directly from any State or federal agency shall |
| 9 | | be refunded to or revert back to that State or federal agency, |
| 10 | | respectively. |
| 11 | | (b) Upon the closing of a charter school authorized by the |
| 12 | | State Board, the governing body of the charter school or its |
| 13 | | designee shall refund all unspent public funds to the State |
| 14 | | Board. The charter school's other property and assets shall be |
| 15 | | disposed of under the provisions of the charter application |
| 16 | | and contract. If the application and contract are silent or |
| 17 | | ambiguous as to the disposition of any of the school's |
| 18 | | property or assets, any property or assets of the charter |
| 19 | | school purchased with public funds shall be returned to the |
| 20 | | school district or districts from which the charter school |
| 21 | | draws its enrollment, at no cost to the receiving district or |
| 22 | | districts, subject to each district's acceptance of the |
| 23 | | property or asset. Any unspent public funds or other property |
| 24 | | or assets provided by a State agency other than the State Board |
| 25 | | or by a federal agency shall be refunded to or revert back to |
| 26 | | that State or federal agency, respectively. |
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| 1 | | (c) For charter schools located in a school district |
| 2 | | organized under Article 34 of this Code, if a charter school |
| 3 | | proposes to close one or more campuses during the term of its |
| 4 | | contract, then the charter school shall provide written notice |
| 5 | | of the closure to the district no later than September 1 of the |
| 6 | | year prior to the date of the closure. The district, in |
| 7 | | conjunction with the charter school, must prepare a transition |
| 8 | | plan that addresses student safety, the provision of special |
| 9 | | education services, the provision of language services, and |
| 10 | | student transportation. The transition plan may include |
| 11 | | additional district support for the charter school campus |
| 12 | | prior to the closure or the conversion of the charter school |
| 13 | | campus to a traditional public school. |
| 14 | | The local school board retains the authority to approve or |
| 15 | | deny the closure. If the local school board approves the |
| 16 | | closure, the governing body of the charter school shall work |
| 17 | | collaboratively with the local school board, educators, and |
| 18 | | the families of students attending the campus of the charter |
| 19 | | school that is the subject of the closure to ensure the |
| 20 | | successful integration of affected students into new learning |
| 21 | | environments. Students attending the campus of the charter |
| 22 | | school that is the subject of the closure who reside in the |
| 23 | | district shall be guaranteed placement at a district school. |
| 24 | | If a determination is made to close a charter school located |
| 25 | | within the boundaries of a school district organized under |
| 26 | | Article 34 of this Code for at least one school year, the |
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| 1 | | charter school shall give at least 60 days' notice of the |
| 2 | | closure to all affected students and parents or legal |
| 3 | | guardians. |
| 4 | | (d) Upon the closure of a campus of a charter school |
| 5 | | located in a school district organized under Article 34 of |
| 6 | | this Code, the district shall provide the charter school |
| 7 | | campus's licensed teachers with all reasonable efforts to |
| 8 | | assist them with finding a similar position for which they are |
| 9 | | qualified at a district school, preferably one that receives |
| 10 | | students from the closed charter school campus. For |
| 11 | | non-probationary teachers, all reasonable efforts include, but |
| 12 | | are not limited to, placement in a reassigned teacher pool. |
| 13 | | (Source: P.A. 103-175, eff. 6-30-23.)". |