Currently, charter schools are required to obtain a $50,000 surety bond (or have a documentation of a comparable escrow account, letter of credit, or deed of trust) that would cover expenses “related to closure proceedings in the event of a voluntary or involuntary dissolution of the charter school.”  Carolina Journal covered the issue here.

The proposed study would “consider providing certain charter schools with a total or partial waiver of the requirement.”  While there is disagreement in the charter school community about the requirement, I believe that a study of its applicability is warranted.