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.