APPOINTMENT OF BOARD OF MANAGERS FOR OPEN-ENROLLMENT CHARTER SCHOOL.
Tex. EDUC Code § 39A.256.
in effect(a) A board of managers appointed for an open-enrollment charter school under this chapter or Chapter 12 has the powers and duties prescribed by Section 39A.201 (b), if applicable, and Sections 39A.201 (a), 39A.202 , and 39A.206 (b).
(b) Except as otherwise provided by this subsection, the board of managers for an open-enrollment charter school may not serve for a period that exceeds the period authorized by law for a board of managers appointed for a school district. A board of managers appointed to wind up the affairs of a former open-enrollment charter school or campus serves until dissolved by the commissioner.
(c) A board of managers appointed for the final closure of a former open-enrollment charter school under Subsection (b) has the authority to:
(1) access and manage any former charter holder's bank account that contains funds received under Section 12.106 ; and
(2) subject to approval by a creditor with a security interest in or lien on property described by Section 12.128 and in accordance with Sections 12.1281 and 12.1282 , sell or transfer to another charter holder or school district any property titled to the former charter holder that is identified in the former open-enrollment charter school's annual financial report filed under Section 44.008 as being acquired, wholly or partly, with funds received under Section 12.106 .
Added by Acts 2017, 85th Leg., R.S., Ch. 324 (S.B. 1488 ), Sec. 21.001, eff. September 1, 2017.