N.M. Admin. Code § 6.80.4.10

Current through Register Vol. 35, No. 24, December 23, 2024

Section 6.80.4.10 - TERM OF A CHARTER

A. A charter may be approved for an initial term of six (6) years, provided that the first year shall be used exclusively for planning and not for completing the application. The planning year shall be the fiscal year in which the charter is authorized, beginning on the July 1 date on which applications were due and ending on June 30, regardless of the number of months that may be available to a charter school for planning activities.

B. A charter may be renewed for successive periods of five (5) years each unless a lesser period is agreed to in writing by the charter school and its authorizer. The five (5) years of the charter will commence on July 1 of the fiscal year after the charter was approved by its authorizer and shall align with the dates of the fiscal year.

6.80.4.10 NMAC - N, 6/29/07