As used in this part 7, unless the context
otherwise requires:
(1)Authorizer means a school district board of education that authorizes a
charter school pursuant to part 1 of this article or the state charter school institute
established pursuant to section 22-30.5-503.
(2)Charter management organization means the Colorado operations of a
for-profit or nonprofit entity, as determined under section 501 (c)(3) of the federal
Internal Revenue Code of 1986, that operates one or more charter schools.
(3)Charter respondent means a charter school or charter management
organization that is the subject of a request for or an order granting emergency
powers pursuant to this part 7.
(4)Charter school means a charter school as defined in section 22-30.5-103 (2) or an institute charter s
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As used in this part 7, unless the context
otherwise requires:
(1) Authorizer means a school district board of education that authorizes a
charter school pursuant to part 1 of this article or the state charter school institute
established pursuant to section 22-30.5-503.
(2) Charter management organization means the Colorado operations of a
for-profit or nonprofit entity, as determined under section 501 (c)(3) of the federal
Internal Revenue Code of 1986, that operates one or more charter schools.
(3) Charter respondent means a charter school or charter management
organization that is the subject of a request for or an order granting emergency
powers pursuant to this part 7.
(4) Charter school means a charter school as defined in section 22-30.5-103 (2) or an institute charter school as defined in section 22-30.5-502 (6).
(5) Commissioner means the office of the commissioner of education
created and existing pursuant to section 1 of article IX of the state constitution.
(6) Emergency means a situation that:
(a) Presents a significant threat, as determined by the commissioner, to the
health or safety of the students, staff, or other individuals involved with a charter
school;
(b) Presents a significant threat, as determined by the commissioner, to
substantial property rights of an authorizer or a significant risk, as determined by
the commissioner, to a charter respondent's solvency;
(c) Indicates a substantial diversion, as determined by the commissioner, of
charter school moneys through one or more excess benefit transactions; or
(d) Is defined by rule of the state board as one that justifies action pursuant
to this part 7.
(7) Excess benefit means a financial benefit arising directly or indirectly
from a transaction with a charter school that would be considered an excess
benefit under section 4958 (c)(1) of the federal Internal Revenue Code of 1986, as
amended, and regulations adopted thereunder; except that the definition of excess
benefit shall extend to all charter schools regardless of whether they have applied
for or received nonprofit status under section 501 (c)(3) of the federal Internal
Revenue Code of 1986, as amended. The salaries of administrators in comparable
positions at other Colorado charter schools, charter management organizations,
boards of cooperative services, and school districts serving a reasonably
comparable number of students shall serve as the comparison for determining
whether the salaries of charter school or charter management organization
administrators are reasonable or excessive for the purposes of this part 7.
(8) Fiduciary means a person who meets the requirements of the Uniform
Fiduciaries Law, part 1 of article 1 of title 15, C.R.S., and any other applicable law or
rule.
(9) Organic documents means the articles of incorporation, articles of
organization, constitution, bylaws, or other documents, however denominated, that
define the basic governance structure for a charter school and the body or bodies
that have governing authority for a charter school.
(10) State board means the state board of education created and existing
pursuant to section 1 of article IX of the state constitution.