HB 5292 Summary

• Requires authorizing bodies to ensure representatives attend all board of directors meetings for public school academies, urban high school academies, and schools of excellence, and to prepare oversight reports for each meeting.

• Mandates that board bylaws require majority approval for any board actions and that authorizing bodies oversee all contracts entered into by these charter schools to ensure fulfillment of terms and conditions.

• Adds closure mechanisms allowing the state school reform/redesign officer to notify authorizing bodies when charter schools perform in the lowest 5% statewide for 3 years or receive an "F" grade for 3 consecutive years, triggering contract amendments or revocation.

• Specifies that if a school of excellence operates only one site or is a cyber school, the authorizing body must revoke its contract when notified of low performance, with property reverting to the state and assets distributed according to a state-approved plan.

• Establishes that closure decisions are solely within the authorizing body's discretion and final, with authorizing bodies not liable for decisions to issue, deny, or revoke contracts.