$50,000 School Bond required for Indiana Professional Employer Organizations (PEO)
This bill will provide for the rehabilitation of schools failing to meet certain standards. Any schools that have been performing in the either of the two lowest categories for five years will be turned into a turnaround academy. Specific rules will be required to be set by the State Board of Education for the school. The school could be also operated by a specific management team that would have to provide a performance bond in an amount that the board would determine. The performance bond may be terminated if the goals for the school have been met after three years under the special management team.
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