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and disposition of property and management of assets of an open-enrollment charter school for which the charter has been revoked, denied renewal, or surrendered.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
 
 
 
A BILL TO BE ENTITLED
 
AN ACT
  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  has been revoked, denied renewal, or surrendered.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  open-enrollment charter school for which the charter has been
  revoked, denied renewal, or surrendered, including: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.
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