Section 21-3-305 - Charter schools; contract contents; renewal; revocation; closure; appeal; regulations(a) An approved charter application shall serve as the basis for a contract between the charter school and the authorizer. Within seventy-five (75) days of the final approval of a charter application, the governing board and the authorizer shall execute the charter contract. The charter contract shall: (i) Be a written instrument which is a separate document from the charter application and shall be the final authorizing document for the charter school;(ii) Be executed by an authorizer and a charter school, with a copy submitted to the state superintendent of public instruction within five (5) days after the signature of both parties;(iii) Confer certain rights, privileges and obligations on the charter school pursuant to this article;(iv) Confirm the status of the charter school as a public school;(v) Be granted for five (5) years;(vi) Provide for a review by the authorizer of the charter school's performance, including the progress of the charter school in achieving the academic goals set forth in the charter, at least one (1) time in the first year of operation and one (1) time in each five (5) year period that the charter is in effect thereafter;(vii) Provide for renewal of the charter if the authorizer and the charter school agree to renew the charter pursuant to a renewal application. The renewal application shall meet the requirements of subsection (b) of this section;(viii) Specify the grounds for the authorizer to:(A) Revoke the charter before the term for which the charter is granted;(ix) Set forth the methods by which the charter school will be held accountable for achieving the educational mission and goals of the charter school, including the following: (A) Evidence of adequate performance or improvement in:(I) Assessment measures, including the statewide assessment system measures;(III) Graduation rates, if applicable;(IV) Statewide education accountability system measures;(V) Financial performance and stability; and(VI) Governing board performance and stewardship, including compliance with applicable laws, rules and regulations, and charter terms.(B) Evidence of progress toward reaching the educational goals set by the charter school.(x) Describe the method to be used to monitor the charter school's: (A) Compliance with applicable law; and(B) Progress in meeting targeted educational performance.(xi) Specify that the authorizer and the charter school may amend the charter during the term of the charter by mutual consent and describe the process for amending the charter;(xii) Describe specific operating requirements, including all the matters set forth in the application for the charter;(xiii) Specify dates for the charter school to:(A) Begin school operations; and(B) Have students attending the charter school.(xiv) Specify that records of a charter school relating to the school's operation and the school's charter are subject to inspection and copying to the same extent that records of a public school are subject to inspection and copying;(xv) Specify that records provided by the charter school to the department or authorizer that relate to compliance by the charter school with the terms of the charter or applicable state or federal laws are subject to inspection and copying;(xvi) Require a charter school to set annual performance targets in conjunction with the charter school's authorizer. The annual performance targets shall be designed to help each school meet applicable federal, state and authorizer requirements.(xvii) Specify closure protocols to ensure students receive educational services without interruption to the greatest extent reasonably possible in the event the charter school closes for any reason.(b) The contract between the charter school and the authorizer may be renewed pursuant to a renewal application. The renewal application shall: (i) Include any guidance provided by the authorizer specifying performance criteria that will guide the authorizer's renewal decisions;(ii) At a minimum, provide an opportunity for the charter school to: (A) Present evidence, beyond the data contained in the performance report, supporting charter renewal;(B) Describe improvements undertaken or planned for the charter school; and(C) Detail the charter school's plans for the next charter term.(iii) Be submitted by the governing board of a charter school seeking renewal not later than December 31 of the year preceding the start of the school year that the charter expires, under the renewal application guidance issued by the authorizer.(c) Repealed by Laws 2021, ch. 169, § 4.(d) Repealed by Laws 2021, ch. 169, § 4.(e) Repealed by Laws 2021, ch. 169, § 4.(f) The authorizer shall make a final decision on the renewal application not later than thirty (30) days after the filing of the renewal application under this subsection. (g) Repealed by Laws 2023, ch. 179,§ 3. Amended by Laws 2023, ch. 179,§ 2 and 3, eff. 7/1/2023.Amended by Laws 2021 , ch. 169, § 2 and 4, eff. 7/1/2022.