A charter school may terminate its contract with a sponsor before the ten-year term of contract if all parties under contract with the charter school agree to the dissolution. A charter school that terminates its contract with a sponsor directly may seek application for the length of time remaining on its original contract from another sponsor.
HISTORY: 2006 Act No. 274, Section 1, eff May 3, 2006; 2008 Act No. 239, Section 2, eff May 21, 2008; 2014 Act No. 288 (H.3853), Section 7, eff June 12, 2014.
Effect of Amendment
The 2008 amendment substituted "ten-year" for "five-year" in the first sentence.
2014 Act No. 288, Section 7, deleted "without review from the Charter School Advisory Committee" from the end of the section.
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