Tex.
Educ. Code Section 39A.256
Appointment of Board of Managers for Open-enrollment Charter School
(a)
A board of managers appointed for an open-enrollment charter school under this chapter or Chapter 12 (Charters) has the powers and duties prescribed by Section 39A.201 (General Powers and Duties of Board of Managers)(b), if applicable, and Sections 39A.201 (General Powers and Duties of Board of Managers)(a), 39A.202 (Board of Managers of School District), and 39A.206 (Compensation)(b).(b)
Except as otherwise provided by this subsection, the board of managers for an open-enrollment charter school may not serve for a period that exceeds the period authorized by law for a board of managers appointed for a school district. A board of managers appointed to wind up the affairs of a former open-enrollment charter school or campus serves until dissolved by the commissioner.(c)
A board of managers appointed for the final closure of a former open-enrollment charter school under Subsection (b) has the authority to:(1)
access and manage any former charter holder’s bank account that contains funds received under Section 12.106 (State Funding); and(2)
subject to approval by a creditor with a security interest in or lien on property described by Section 12.128 (Property Purchased or Leased with State Funds) and in accordance with Sections 12.1281 (Disposition of Property Purchased with State Funds) and 12.1282 (Transfer of Property Purchased with State Funds), sell or transfer to another charter holder or school district any property titled to the former charter holder that is identified in the former open-enrollment charter school’s annual financial report filed under Section 44.008 (Annual Audit; Report) as being acquired, wholly or partly, with funds received under Section 12.106 (State Funding).
Source:
Section 39A.256 — Appointment of Board of Managers for Open-enrollment Charter School, https://statutes.capitol.texas.gov/Docs/ED/htm/ED.39A.htm#39A.256 (accessed Jun. 5, 2024).
