Funds of Closed Charter School

Funds of Closed Charter School. If a charter school closes, all unspent government funds, unspent earnings from those funds and assets purchased with government funds must revert to the local school district in which the charter school is located. Unless otherwise provided for in the charter or a debt instrument, unspent funds from nongovernmental sources, unspent earnings from those funds, assets purchased with those funds and debts of the school must revert to the nonprofit entity created to operate the school and may be disposed of according to applicable laws for nonprofit corporations. Source: Miss. Code Ann. § 37-28-35. Action: Approval to begin the Administrative Procedures Act process: To establish Board Policy, Title 10, Part 403, Chapter 10, Rule 10.1, “Compliance with State Law Regarding Diversity, Equity, and Inclusion Prohibitions, Complaint Process, and Investigations” Background Information: During the 2025 Legislative Session, the legislature passed House Bill 1193, which became effective upon passage, April 17, 2025. House Bill 1193 is an act to prohibit public schools and public postsecondary educational institutions from taking certain actions and engaging in discrimination practices, specifically related to diversity, equity, and inclusion (“DEI”). It seeks to ensure that employment, academic opportunities, and student engagement are based solely on individual merit, qualifications and academic performance, without consideration of an individual's race, sex, color, national origin, or expressed opposition to, or refusal to affirm or participate in diversity, equity, and inclusion. The law requires that within 90 days of passage, the Mississippi Charter School Authorizer Board shall adopt a model complaint process, investigative procedures, and all other policies and procedures for appropriately investigating violations under House Bill 1193. The following policy has been developed, in conjunction with the Mississippi School Board Association and the Mississippi Department of Education and meets the requirements of House Bill 1193. Chapter 10: Compliance with State Law Regarding Diversity, Equity, and Inclusion in Public Education.