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Attachment 40 – Dissolution of Charter School (Procedures)
In the event of the dissolution of the charter school, attach the procedures that the school would follow for the transfer of
students and student records, execution of a closure plan, and for the disposition of school assets. Please indicate the
applicant’s preference for distributing the assets to either the school district of location, or another charter within that
district.
In the event of closure or dissolution of Leadership Prep Bedford Stuyvesant, the Board of Trustees will
follow the most recent version of the State University of New York Charter School Institute’s Closure Plan
and shall delegate to the Principal or other responsible party the responsibility to manage the dissolution
process in accordance with Education Law § 2851(2(t). This process shall include notification to parents of
children enrolled in the school by mail within seven days of the Board or other authorizer’s decision to close
or dissolve the school. We will conduct public meetings to provide parents with information regarding the
school’s dissolution within seven days of this notification. Additionally, a list of students attending
Leadership Prep Bedford Stuyvesant will be sent to the New York City Department of Education and we will
ask the Board to work with families to find suitable transfer schools which can accept students.
Leadership Prep Bedford Stuyvesant shall transfer student records to the New York City Department of
Education immediately upon cessation of operations. The parents or guardians of the enrolled students shall
be notified of the transfer of records by mail within seven days of its occurrence. The Chair of the Board of
Trustees or his/her designee will serve as the steward of all records academic, financial, and operational.
The remaining assets of Leadership Prep Bedford Stuyvesant, after satisfaction of outstanding debts pursuant
to Education § 220, shall be transferred to another charter school within the New York City School District
or directly to the New York City Department of Education with that order of preference. A dissolution fund
of $75,000 has been created to provide additional resources to meet costs incurred as a result of closure.
Leadership Prep Bedford Stuyvesant Charter School
Attachment 40-1