Nevada § 388A.414 - Payment of quarterly sponsorship fee to sponsor; request by charter school for reduction in amount of sponsorship fee

§ 388A.414. Payment of quarterly sponsorship fee to sponsor; request by charter school for reduction in amount of sponsorship fee

1. Upon completion of each school quarter, the Superintendent of Public Instruction

shall pay to the sponsor of a charter school one-quarter of the yearly sponsorship

fee for the administrative costs associated with sponsorship for that school quarter,

which must be deducted from the monthly apportionment to the charter school made pursuant

to subsections 1 and 2 of NRS 387.124 and NRS 387.1241 . Except as otherwise provided in subsection 2, the yearly sponsorship fee for the

sponsor of a charter school must be in an amount of money not to exceed 2 percent

of the total amount of money apportioned to the charter school during the school year

pursuant to subsections 1 and 2 of NRS 387.124 and NRS 387.1241 . 2. If the governing body of a charter school satisfies the requirements of this section,

the governing body may submit a request to the sponsor of the charter school for approval

of a sponsorship fee in an amount that is less than 2 percent but at least 1 percent

of the total amount of money apportioned to the charter school during the school year

pursuant to subsections 1 and 2 of NRS 387.124 and NRS 387.1241 . 3. The sponsor of the charter school shall approve such a request if the sponsor of

the charter school determines that the charter school satisfies the requirements of

this subsection. If the sponsor of the charter school approves such a request, the sponsor shall

provide notice of the decision to the governing body of the charter school and the

Superintendent of Public Instruction. If the sponsor of the charter school denies such a request, the governing body of

the charter school may appeal the decision of the sponsor to the Superintendent of

Public Instruction. 4. Upon appeal, the sponsor of the charter school and the governing body of the charter

school are entitled to present evidence. The decision of the Superintendent of Public Instruction on the appeal is final

and is not subject to judicial review. 5. The governing body of a charter school may submit a request for a reduction of

the sponsorship fee pursuant to this section if: (a) The charter school satisfies the requirements of subsection 1 of NRS 388A.405 ; and (b) There has been a decrease in the duties of the sponsor of the charter school that

justifies a decrease in the sponsorship fee.