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VOL. 129 | NO. 64 | Wednesday, April 02, 2014

Bill OKs For-Profit Entities to Manage Charter Schools

AP

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NASHVILLE (AP) – A proposal that would allow a charter school to be operated by a for-profit entity narrowly advanced out of the House Education Committee.

The measure sponsored by Democratic Rep. John DeBerry of Memphis was approved 8-7 on Tuesday.

Sponsors of the legislation say it's necessary to help charter schools that may need help with management. Currently, Tennessee has 69 charter schools, which are publicly financed but operated independently.

However, opponents of the proposal believe some operators may take advantage of the funds. For instance, some for-profit companies purchase land and build brand new charter schools. Republican Rep. Ron Loller of Bartlett said the entity may turn around and sell the building and profit from the public funds used to build it.

The companion bill is awaiting a vote in the Senate Education Committee.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 86 86 12,712
MORTGAGES 114 114 16,584
FORECLOSURE NOTICES 4 4 3,294
BUILDING PERMITS 162 162 27,856
BANKRUPTCIES 68 68 10,558
BUSINESS LICENSES 23 23 4,227
UTILITY CONNECTIONS 112 112 16,462
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