Arizona Laws 15-396. Dissolution of career technical education districts
A. On approval of a majority of the full membership of the career technical education board or on the receipt by the career technical education board of resolutions adopted by the governing boards of the school districts participating in the career technical education district, the career technical education board shall adopt and send to the state board a resolution requesting the dissolution of the career technical education district. The resolution shall state the reasons for the proposed dissolution, set forth a plan for equitable adjustment, division and disposition of the assets and liabilities of the career technical education district and provide that each participating school district will assume its share of the outstanding indebtedness of the career technical education district.
Terms Used In Arizona Laws 15-396
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Career technical education board: means a career technical education district governing board. See Arizona Laws 15-391
- Career technical education district: means a district that is formed pursuant to this article and that offers career technical education courses. See Arizona Laws 15-391
- Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- School district: means a political subdivision of this state with geographic boundaries organized for the purpose of the administration, support and maintenance of the public schools or an accommodation school. See Arizona Laws 15-101
- State board: means the state board of education. See Arizona Laws 15-391
B. On approval of the resolution by the state board, the career technical education district is dissolved in accordance with the provisions of the resolution.