Minnesota SF2773 mandates a trustee to oversee charter school closures, ensuring orderly transitions for students and financial accountability.

Minnesota SF2773 requires a trustee to manage charter school closures, ensuring parents receive information to enroll students in other schools and facilitating the transfer of student records. The trustee must also ensure the charter school liquidates its assets and debts, maintain liability insurance, and manage school property. The bill outlines qualifications for trustees, including independence and a clean criminal record. It also establishes a charter school closure fund to cover closure-related expenses and mandates annual reporting on fund use.

Minnesota SF2773 mandates a trustee to oversee charter school closures, ensuring orderly transitions for students and financial accountability.

Minnesota SF2773 requires a trustee to manage charter school closures, ensuring parents receive information to enroll students in other schools and facilitating the transfer of student records. The trustee must also ensure the charter school liquidates its assets and debts, maintain liability insurance, and manage school property. The bill outlines qualifications for trustees, including independence and a clean criminal record. It also establishes a charter school closure fund to cover closure-related expenses and mandates annual reporting on fund use.