HB 831 Summary

• Adds new section to Chapter 302D, Hawaii Revised Statutes defining financial insolvency for public charter schools as the inability to pay staff when payroll is due.

• Deems a financially insolvent public charter school to have automatically surrendered its charter.

• Requires the charter school authorizer to adopt a closure protocol under section 302D-19(a) when a school becomes financially insolvent.

• Takes effect upon approval.