Nevada Administrative Code
Chapter 386 - Local Administrative Organization
CHARTER SCHOOLS
Operation and Finances
Section 386.412 - Eligibility for available money for facilities; waiver of annual performance audits

1. A charter school "has demonstrated improvement in the achievement of pupils enrolled in the charter school" for the purposes of paragraph (c) of subsection 1 of NRS NRS NRS 386.5515 if the number of pupils enrolled in the charter school who are categorized as emergent or developing pupils is reduced for the most recent testing cycle by not less than 10 percent of the number of pupils who were categorized as emergent or developing pupils in the immediately preceding school year. The reduction of the number of pupils who are categorized as emergent or developing pupils must be measured for all subject areas required to be tested pursuant to state or federal law.

2. A charter school that wishes to submit to a performance audit one time every 3 years rather than every year shall submit to the sponsor of the charter school documentation sufficient to demonstrate that the charter school satisfies the requirements of subsection 1 of NRS NRS NRS 386.5515 and is eligible for a waiver from the annual performance audit. The documentation must be submitted to the sponsor of the charter school not later than November 15 of the first school year in which the charter school is eligible for the waiver. The sponsor of the charter school shall determine whether the charter school satisfies the requirements of subsection 1 of NRS NRS NRS 386.5515 and shall provide written notice to the charter school of its determination on or before December 15 of the year in which documentation is submitted by the charter school pursuant to this subsection.

3. As used in this section, "performance audit" means the report of compliance required pursuant to NAC 386.410.