Bill Text: HI HB831 | 2015 | Regular Session | Amended

Hawaii House Bill 831 (Prior Session Legislation)

Bill Title: Public Charter Schools; Financial Insolvency; Closure

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Passed) 2015-06-16 - Act 110, 06/12/2015 (Gov. Msg. No. 1210). [HB831 Detail]

Download: Hawaii-2015-HB831-Amended.html

HOUSE OF REPRESENTATIVES	H.B. NO.	831
TWENTY-EIGHTH LEGISLATURE, 2015		H.D. 2
STATE OF HAWAII		S.D. 2
		C.D. 1

A BILL FOR AN ACT

RELATING TO PUBLIC CHARTER SCHOOLS.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF HAWAII:

SECTION 1. Chapter 302D, Hawaii Revised Statutes, is amended by adding a new section to be appropriately designated and to read as follows:

"§302D- Financial insolvency. (a) In the event that any public charter school becomes financially insolvent, the school shall be deemed to have surrendered its charter. For purposes of this section, a school shall be determined to be financially insolvent when it is unable to pay its staff when payroll is due.

(b) In the event that any public charter school becomes financially insolvent, the authorizer shall adopt a closure protocol as described under section 302D-19(a)."

SECTION 2. New statutory material is underscored.

SECTION 3. This Act shall take effect upon its approval.

Report Title:

Public Charter Schools; Financial Insolvency; Closure

Description:

Construes the financial insolvency of a public charter school to be a surrender of its charter. Requires the authorizer to adopt a closure protocol when a public charter school becomes financially insolvent. (HB831 CD1)

The summary description of legislation appearing on this page is for informational purposes only and is not legislation or evidence of legislative intent.