OAR 581-026-0515
Distribution of Assets of a Terminated or Dissolved Public Charter School

(1)

Assets of a terminated, closed or dissolved public charter school that were obtained with public funds will be given to the State Board of Education. The State Board of Education, at its discretion, may disburse these assets to school districts or to other public charter schools.

(2)

The State Board of Education delegates to the Superintendent of Public instruction or designee all administrative functions necessary or reasonable in order to disburse the assets. This delegation to the Superintendent includes, but is not limited to:

(a)

Determining the form, process, and timelines for the disbursement;

(b)

Determining the records required for the disbursement; and

(c)

Requiring the public charter school governing body or school district board to respond to written or oral inquiries related to the closure and assets of the public charter school.

(3)

Assets of a terminated, closed or dissolved public charter that were obtained with grant funds will be disbursed according to the terms of the grant. If the grant is absent any reference to ownership or distribution of assets, assets of a terminated, closed or dissolved public charter school will be disbursed according to the provision set out in subsection (2) of this rule.

Source: Rule 581-026-0515 — Distribution of Assets of a Terminated or Dissolved Public Charter School, https://secure.­sos.­state.­or.­us/oard/view.­action?ruleNumber=581-026-0515.

581–026–0005
Definitions 581–026–0050
Public Charter School Proposal Submission and Completeness 581–026–0055
Public Charter School Proposal Review and Resubmission 581–026–0060
Public Charter School Proposal Reconsideration 581–026–0065
Appeal Process 581–026–0100
Development and Execution of a Charter 581–026–0110
Public Charter School Mediation Provided by the State Board of Education 581–026–0120
Charter School Development Timelines 581–026–0125
Timeline Extensions 581–026–0130
Procedure to Waive Certain Provisions of the Charter School Law 581–026–0200
Financial Management System 581–026–0210
Annual Financial Reporting 581–026–0300
Virtual Public Charter Schools 581–026–0305
Virtual Public Charter School Student Enrollment 581–026–0310
Virtual Public Charter School Student Enrollment Appeal Procedure 581–026–0400
Process to Renew Charter 581–026–0405
Appeal of Sponsor’s Decision Not to Renew a Charter 581–026–0500
Process for Sponsor to Terminate Charter 581–026–0505
Process to Appeal Decision by Sponsor to Terminate Charter 581–026–0510
Process for Charter School Governing Body to Terminate Charter and Dissolve Public Charter School 581–026–0515
Distribution of Assets of a Terminated or Dissolved Public Charter School 581–026–0600
Public Charter School Facility Location 581–026–0700
Participation in District Interscholastic Activities for Students Who Attended a Public Charter School 581–026–0710
District Fees for Interscholastic Activities for Students Who Attend a Public Charter School
Last Updated

Jun. 8, 2021

Rule 581-026-0515’s source at or​.us