Public Act 100-0179
 
HB3437 EnrolledLRB100 10624 MLM 20846 b


  
    AN ACT concerning education.
  
 
    Be it enacted by the People of the State of Illinois,
 
represented in the General Assembly:
  


 
    Section 5. The School Code is amended  by changing Section 
27A-10.10 as follows:
 
    (105 ILCS 5/27A-10.10)
    Sec. 27A-10.10. Closure of charter school; unspent public 
funds; procedures for the disposition of property and assets.
    (a) Upon the closing of a charter school authorized by one 
or more local school boards, the governing body of the charter 
school or its designee shall refund to the chartering entity or 
entities all unspent public funds. The charter school's other 
property and assets shall be disposed of under the provisions 
of the charter application and contract. If the application and 
contract are silent or ambiguous as to the disposition of any 
of the school's property or assets, any property or assets of 
the charter school purchased with public funds shall be 
returned to the school district or districts from which the 
charter school draws enrollment, at no cost to the receiving 
district or districts, subject to each district's acceptance of 
the property or asset. Any unspent public funds or other 
property or assets received by the charter school directly from 
any State or federal agency shall be refunded to or revert back 
to that State or federal agency, respectively.
    (b) Upon the closing of a charter school authorized by the 
Commission, the governing body of the charter school or its 
designee shall refund all unspent public funds to the State 
Board of Education. The charter school's other property and 
assets shall be disposed of under the provisions of the charter 
application and contract. If the application and contract are 
silent or ambiguous as to the disposition of any of the 
school's property or assets, any property or assets of the 
charter school purchased with public funds shall be returned to 
the school district or districts from which the charter school 
draws its enrollment, at no cost to the receiving district or 
districts, subject to each district's acceptance of the 
property or asset. Any unspent public funds or other property 
or assets provided by a State agency other than the State Board 
of Education or by a federal agency shall be refunded to or 
revert back to that State or federal agency, respectively.

    (c) If a determination is made to close a charter school 
located within the boundaries of a school district organized 
under Article 34 of this Code for at least one school year, the 
charter school shall give at least 60 days' notice of the 
closure to all affected students and parents or legal 
guardians. 
(Source: P.A. 98-783, eff. 1-1-15.)
 

    Section 99. Effective date. This Act takes effect upon 
becoming law.