Requires the appointment of an independent fiduciary upon the closing of a charter school to develop and implement the dissolution plan of such charter school, including the distribution of assets.

This bill requires that when a charter school closes, an independent fiduciary must be appointed to manage the process of dissolving the school. This includes creating a plan for how the school's assets will be distributed. The aim is to ensure that the closure is handled fairly and responsibly.

Supporters of the bill argue that it ensures transparency and accountability in the closure of charter schools. By appointing an independent fiduciary, the process will be managed by someone who is impartial and focused on the best interests of students and the community.

Critics may argue that this bill adds unnecessary bureaucracy to the closure process of charter schools. They might claim that it could delay the closure and complicate the distribution of assets, ultimately impacting students and families in the transition.