Bill Text: TX SB1904 | 2017-2018 | 85th Legislature | Introduced
Bill Title: Relating to ownership and disposition of property and management of assets of an open-enrollment charter school for which the charter has been revoked, denied renewal, or surrendered.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2017-03-23 - Referred to Education [SB1904 Detail]
Download: Texas-2017-SB1904-Introduced.html
| 85R5303 MEW-D | ||
| By: West | S.B. No. 1904 | |
|
|
||
|
|
||
| relating to ownership and disposition of property and management of | ||
| assets of an open-enrollment charter school for which the charter | ||
| has been revoked, denied renewal, or surrendered. | ||
| BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
| SECTION 1. Subchapter D, Chapter 12, Education Code, is | ||
| amended by adding Section 12.1165 to read as follows: | ||
| Sec. 12.1165. CLOSED CHARTER SCHOOL RECOVERED ASSETS. (a) | ||
| The following funds shall be deposited in the general revenue fund: | ||
| (1) any state funds received by a charter holder under | ||
| Section 12.106 that remain after: | ||
| (A) the commissioner revokes or denies the | ||
| renewal of the charter of an open-enrollment charter school; or | ||
| (B) the charter holder surrenders the charter of | ||
| an open-enrollment charter school; and | ||
| (2) any proceeds from the disposition of property | ||
| under Section 12.128(c)(2). | ||
| (b) Money deposited under Subsection (a) may be | ||
| appropriated to pay for agency costs associated with an | ||
| open-enrollment charter school for which the charter has been | ||
| revoked, denied renewal, or surrendered, including: | ||
| (1) management and closure of the open-enrollment | ||
| charter school; and | ||
| (2) retention of all remaining records of the former | ||
| open-enrollment charter school. | ||
| SECTION 2. Section 12.128, Education Code, is amended by | ||
| adding Subsections (f) and (g) to read as follows: | ||
| (f) Notwithstanding Subsection (a), on the closure of an | ||
| open-enrollment charter school, real or personal property | ||
| purchased using state funds received after September 1, 2001, is | ||
| considered to be public property only to the extent state funds were | ||
| used to pay for the property purchased. | ||
| (g) A charter holder shall provide in the annual financial | ||
| report of the charter holder a detailed inventory identifying the | ||
| real property owned or leased by the charter holder. The report | ||
| must include information identifying the source of funding used to | ||
| purchase or lease the property. | ||
| SECTION 3. This Act takes effect immediately if it receives | ||
| a vote of two-thirds of all the members elected to each house, as | ||
| provided by Section 39, Article III, Texas Constitution. If this | ||
| Act does not receive the vote necessary for immediate effect, this | ||
| Act takes effect September 1, 2017. | ||
