The sponsor of a charter school may approve an amendment to a charter contract to consolidate the operations of two or more charter schools if:
1. The sponsor of a charter school for which a charter contract has been terminated has approved a request by the governing body of the charter school requesting the amendment to negotiate with the owner, mortgagor or lienholder of the facilities in which the charter school has been operated for the purpose of operating an additional campus of the other charter school pursuant to NRS 388A.303. If charter schools are consolidated under such conditions, the prior academic, operational and fiscal performance of the charter school whose charter contract has been terminated will not be attributed to the consolidated charter school.
2. Two or more governing bodies submit a request for an amendment to consolidate their charter contracts, governing bodies and operations to form a single charter school operating one or more campuses under a new charter contract. If charter schools are consolidated under such conditions:
(a) The new charter contract will be in effect for the duration of the term of the written charter or charter contract which was closest to its date of expiration before consolidation; and
(b) The academic, operational and fiscal performances of all charter schools that have been consolidated will be attributed to the consolidated charter school.
(Added to NRS by 2015, 3254, 3310, effective January 1, 2020)