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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 This material may not be published, broadcast, rewritten or redistributed.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 64 64 16,477
MORTGAGES 72 72 21,504
FORECLOSURE NOTICES 0 0 4,266
BUILDING PERMITS 0 0 39,378
BANKRUPTCIES 69 69 15,611
BUSINESS LICENSES 13 13 5,504
UTILITY CONNECTIONS 84 84 23,657
MARRIAGE LICENSES 37 37 5,072

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