Senate Bill 484 Summary

• Charter schools leasing closed school buildings from school corporations must pay yearly rent equal to the greater of $1 or the school corporation's annual debt and obligation payments for that building, with lease terms addressing operating costs.

• School corporations may notify the department of education of intent to sell or dispose of vacant buildings if the building is in poor condition, unlikely to attract charter school interest, or will be sold to another governmental entity for public use.

• Charter school sponsors have 30 days to request an administrative hearing to demonstrate just cause why a vacant building should not be sold; if just cause is shown, the building must be made available to charter schools.

• Special management teams operating turnaround academies are responsible for maintaining and repairing school buildings and grounds consistent with the school corporation's other facilities.

• State board contracts with special management teams entered after June 30, 2013 must include a specific date when school operation returns to the school corporation.