                                 CODE OF VIRGINIA

PUBLIC CHARTER SCHOOL TERM; RENEWALS AND REVOCATIONS (§ 22.1-212.12)

A. A charter may be approved or renewed for a period not to exceed five school
years. A public charter school renewal application submitted to the local school
board or, in the case of a regional public charter school, to the relevant
school boards shall contain:

   1. A report on the progress of the public charter school in achieving the
   goals, objectives, program and performance standards for students, and such
   other conditions and terms as the school board or boards may require upon
   granting initial approval of the charter application.

   2. A financial statement, on forms prescribed by the Board, that discloses the
   costs of administration, instruction, and other spending categories for the
   public charter school and that has been concisely and clearly written to
   enable the school board or boards and the public to compare such costs to
   those of other schools or comparable organizations.

B. Local school boards may revoke a charter if the public charter school:

   1. Violates the conditions, standards, or procedures established in the public
   charter school application;

   2. Fails to meet or make reasonable progress toward achievement of the content
   standards or student performance standards identified in the charter
   application;

   3. Fails to meet generally accepted standards of fiscal management; or

   4. Violates any provision of law from which the public charter school was not
   specifically exempted.

C. Nothing in this section shall be construed to restrict the authority of local
school boards to decline to renew a charter agreement.

HISTORY: 1998, cc. 748, 890; 2000, cc. 631, 1028; 2002, c. 851; 2004, c. 530;
2012, cc. 702, 720.