NRS 388A.354 Disclosure of information relating to charter management organizations and educational management organizations; reports.

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A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

1. The governing body of a charter school that receives services from an educational management organization shall:

(a)Post to the Internet website of the charter school:

(1)Each financial audit and each performance audit of the charter school required by the Department pursuant to NRS 388A.105 or 388A.110 ;

(2)Information on the contract with the charter management organization or the educational management organization, including, without limitation:

(I)The amount of money received by the educational management organization from public and private sources to carry out the terms of the contract;

(II)The expenditures of the educational management organization relating to carrying out the contract, including, without limitation, the payment of salaries, benefits and bonuses; and

(III)An identification of each contract, transaction and agreement entered into by the educational management organization relating to carrying out the contract with the charter school, including, without limitation, contracts, transactions and agreements with parent organizations, subsidiaries and partnerships of the educational management organization; and

(3)To the extent practicable, information on any contract between a member of the governing body of the charter school or any member of the family of the member of the governing body and another charter school, sponsor of a charter school, charter management organization or educational management organization.

(b)Submit information on the contract with the educational management organization and a letter describing whether the governing body of the charter school is satisfied with the contractual relationship with the educational management organization to the sponsor of the charter school.

2. The sponsor of a charter school may, after reviewing the information provided pursuant to paragraph

(b)of subsection 1, request additional information, conduct an investigation or otherwise take action relating to the information received by the sponsor of the charter school.

3. On or before December 15 of each odd-numbered year, the sponsor of a charter school that receives information on a contract between the governing body of a charter school and an educational management organization pursuant to subsection 1 shall submit a report of such information to the Joint Interim Standing Committee on Education.