Section 2. Amend §511 (a), Title 14 of the Delaware Code, by adding the following sentence at the end thereof:
“Notwithstanding anything in this Chapter to the contrary, the initial term of a newly approved charter shall expire at the end of the 5th fiscal year following the fiscal year in which the charter was initially approved, and any subsequent charter renewal term shall expire at the end of each successive 5th fiscal year thereafter. If an approved charter is modified to delay the initial opening of the school, then the expiration date of the initial term of the charter shall be adjusted accordingly.”
Section 3. Amend §511 (e), Title 14 of the Delaware Code, by adding the following sentence after the first sentence therein:
“Applications to renew a charter shall be submitted to the approving authority on or before October 15th of the year immediately preceding the calendar year in which the school’s current charter term will expire.”
Section 4. Amend §515 (b), Title 14 of the Delaware Code, by deleting the word “Three” at the beginning of the first sentence therein and substituting the word “Four” in lieu thereof.
Section 5. Upon the effective date of this legislation, the charter of any currently approved charter school that is in its first three year term of operation shall be extended by one year subject to such terms and conditions as have been imposed by the approving authority.
Section 6. Amend Title 14, Section 511 (e) by deleting the word “September” and
Substituting the word “August” in lieu thereof.
Approved July 12, 2004