PROPERTY PURCHASED OR LEASED WITH STATE FUNDS Effective September 1, 2001, the Texas Education Code provides that a property interest acquired by a charter holder with state funds after September 1, 2001, is considered public property held in trust by the charter holder for the benefit of the students of its charter school. See attached.

TRS HEALTH INSURANCE DEADLINE HB 3343 requires that all charter schools must decide by September 1, 2001 whether or not they will participate in the new Texas Health Insurance program for the 2002-2003 school year. For information check online at www.tea.state.tx.us/school.finance/topics/index.html.

ALTERNATIVE ACCOUNTABILITY DEADLINE CHANGE The deadline for registering to participate in the TEA alternative accountability system has been changed to Friday, October 12, 2001. The alternative accountability procedures are designed to provide more flexibility for schools that serve non-traditional populations. Schools must register to participate each year.

STUDENT TRANSFER FORM ACC-041BR01 If you have not yet completed Student Transfer Form ACC-041BR01 that was due earlier this month, you should receive a letter next week from the Equal Educational Opportunity Unit at TEA. The letter will explain the immediate action you can take to come into compliance with Court Order/Civil Action (CA) 5281. Please contact Pam Williams or Sylvia Gonzales at 512-463-9519 with any questions.