I. Unless otherwise provided in this chapter, the board of trustees of a chartered public school, upon issuance of its charter, shall have general supervisory control and authority over the operations of the chartered public school.
   II. No greater than 25 percent of the membership of a school board, or one member, whichever number is greater, may simultaneously serve as members of the board of trustees of a charter or charter conversion school. No greater than 25 percent of the membership of the board of trustees of a charter or charter conversion school, or one member, whichever is greater, may simultaneously serve as members of any school board. A chartered public school board of trustees shall include no fewer than 25 percent or 2 parents of pupils attending the chartered public school, whichever is greater. Teachers of a chartered public school may serve on its board of trustees.
   III. Notwithstanding RSA 194-B:1, III, an established chartered public school shall be a corporation, which shall be registered with the secretary of state after receiving approval under this chapter but before its first day of actual operation, with authority necessary or desirable to carry out its charter program including, but not limited to, the following:
      (a) To adopt a name and corporate seal, provided that any name selected shall include the words ""chartered public school.''
      (b) To sue and be sued, but only to the same extent and upon the same conditions that a town can be sued.
      (c) To acquire real property from public or private sources by lease, by lease with an option to purchase, or by gift for use as a school facility, provided that such acquisition is consistent with established school purposes.
      (d) To receive and disburse funds for school purposes.
      (e) To make contracts and leases for the procurement of services, equipment, and supplies, provided that:
         (1) If the board of trustees intends to procure substantially all educational services under contract with another person or entity, the terms of such a contract shall be provided in an addendum in the school's contract.
         (2) The state board and the school board shall not approve any such contract terms, the purpose or effect of which is to avoid the prohibition in this chapter against chartered public school status for nonpublic schools.
      (f) To incur temporary debt in anticipation of receipt of funds.
      (g) To solicit, accept, manage, and use any grants or gifts, provided that such activities are consistent with established school purposes.
      (h) To have such other powers that are available to a business corporation formed under RSA 293-A and that are not inconsistent with this chapter.
   IV. The board of trustees shall report to the school board at least quarterly for public information purposes only, regarding the progress of the chartered public school's achievement of its stated goals. The chartered public school shall solicit advice from the school board. The school board and the chartered public school shall adopt mutually acceptable content requirements for the quarterly report which shall include, but not be limited to, a financial statement. During the pilot program in RSA 194-B:20, the school board shall forward the trustees' reports with its evaluation to the state board and the legislative oversight committee.
[Paragraph IV-a repealed effective July 1, 2013.]
Source. 1995, 260:6. 1998, 268:2. 2003, 273:4, 6, 7, III. 2004, 222:7. 2006, 301:3, eff. June 19, 2006. 2008, 354:1, eff. Sept. 5, 2008.