(1) (a) When a local board of education approves a new charter application, the charter is authorized for a period of at least four years. The local board of education and the charter school may renew the charter for successive periods as provided in this section.
(b) During the term of a charter, the school district shall annually review the charter school's performance. At a minimum, the review includes the charter school's progress in meeting the objectives identified in the plan the charter school is required to implement pursuant to section 22-11-210 and the results of the charter school's most recent annual financial audit. The school district shall provide to the charter school written feedback from the review and shall include the results of the charter school's annual review in the body of evidence that the local board of education takes into account in deciding whether to renew or revoke the charter and that supports the renegotiation of the charter contract.
(1.3) Each school district shall adopt and revise as necessary procedures and timelines for the charter-renewal process, which procedures and timelines are in conformance with the requirements of this part 1. Each school district shall ensure that each of the charter schools authorized by the district receives a copy of the district's charter renewal procedures and timelines and any revisions to the procedures and timelines.
(1.5) No later than December 1 of the year prior to the year in which the charter expires, the governing body of a charter school shall submit a renewal application to the chartering local board of education. The chartering local board of education shall rule by resolution on the renewal application no later than February 1 of the year in which the charter expires, or by a mutually agreed upon date.
(2) A charter school renewal application submitted to the chartering local board of education shall contain:
(a) A report on the progress of the charter school in achieving the goals, objectives, pupil performance standards, content standards, targets for the measures used to determine the levels of attainment of the performance indicators, and other terms of the charter contract and the results achieved by the charter school's students on the assessments administered through the Colorado student assessment program;
(b) A financial statement that discloses the costs of administration, instruction, and other spending categories for the charter school that is understandable to the general public and that will allow comparison of such costs to other schools or other comparable organizations, in a format required by the state board of education; and
(d) Any information or material resulting from the charter school's annual reviews as described in subsection (1) of this section.
(3) A charter may be revoked or not renewed by the chartering local board of education if it determines that the charter school did any of the following:
(a) Committed a material violation of any of the conditions, standards, or procedures set forth in the charter contract;
(b) Failed to meet or make adequate progress toward achievement of the goals, objectives, content standards, pupil performance standards, targets for the measures used to determine the levels of attainment of the performance indicators, applicable federal requirements, or other terms identified in the charter contract;
(c) Failed to meet generally accepted standards of fiscal management; or
(d) Violated any provision of law from which the charter school was not specifically exempted.
(3.5) If a charter school is required to implement a turnaround plan pursuant to section 22-11-210 (2) for a second consecutive school year, the charter school shall present to its authorizing local board of education, in addition to the turnaround plan, a summary of the changes made by the charter school to improve its performance, the progress made in implementing the changes, and evidence, as requested by the local board of education, that the charter school is making sufficient improvement to attain a higher accreditation category within two school years or sooner. If the local board of education finds that the charter school's evidence of improvement is not sufficient or if the charter school is required to implement a turnaround plan for a third consecutive school year, the local board of education may revoke the school's charter.
(4) (Deleted by amendment, L. 2004, p. 1582, 9, effective June 3, 2004.)
(4.5) (a) At least fifteen days prior to the date on which a local board of education will consider whether to revoke or renew a charter, the school district shall provide to the local board of education and the charter school a written recommendation, including the reasons supporting the recommendation, concerning whether to revoke or renew the charter.
(b) If a local board of education revokes or does not renew a charter, the board shall state its reasons for the revocation or nonrenewal.
(5) If a local board of education revokes or does not renew a charter, the charter school may appeal the decision pursuant to section 22-30.5-108.
(6) Each school district shall adopt procedures for closing a charter school following revocation or nonrenewal of the charter school's charter. At a minimum, the procedures shall ensure that:
(a) When practicable and in the best interest of the students of the charter school, the charter school continues to operate through the end of the school year. If the school district determines it is necessary to close the charter school prior to the end of the school year, the school district shall work with the charter school to determine an earlier closure date.
(b) The school district works with the parents of the students who are enrolled in the charter school when the charter is revoked or not renewed to ensure that the students are enrolled in schools that meet their educational needs; and
(c) The charter school meets its financial, legal, and reporting obligations during the period that the charter school is concluding operations.
(7) Notwithstanding any provision of this section to the contrary, on and after September 1, 2012, a local board of education shall not renew a charter that is held by a for-profit entity either solely or in cooperation with other entities.
Source: L. 93: Entire article added, p. 1058, 1, effective June 3. L. 96: (4.5) added and (5) amended, p. 755, 8, effective May 22. L. 97: (1) amended and (1.5) added, p. 400, 3, effective August 6. L. 2001: (2) amended, p. 338, 4, effective April 16. L. 2004: Entire section amended, p. 1582, 9, effective June 3. L. 2007: (2)(c) repealed, p. 745, 28, effective May 9. L. 2009: (2)(a) and (3)(b) amended, (SB 09-163), ch. 293, p. 1535, 28, effective May 21. L. 2012: Entire section amended, (SB 12-061), ch. 109, p. 376, 4, effective April 13; (7) added, (SB 12-067), ch. 131, p. 451, 4, effective August 8.