HB 2690 Summary

• Modifies Arizona Revised Statutes Section 15-183 regarding charter school property disposition when a charter school closes or ceases operations.

• Requires that all property purchased with public monies and accumulated by a closing charter school be transferred to the school district within which the charter school was located.

• Establishes that if a closing charter school is not located within school district boundaries, accumulated property purchased with public monies shall be transferred to the nearest school district.

• Specifies that all other property not purchased with public monies remains the property of the charter school operator.