November 26, 2014
A troubled Sparks charter school will receive state funds that had been withheld pending bankruptcy proceedings, a move that will allow it to continue to operate, a state official said.
The Nevada Leadership Academy's $92,000 check was held the last week at the request of 1020 Isenberg Partners Inc., which owns the school's building on Greenbrae Drive.
Isenberg told the state that the school owes it $188,000, said Doug Thunder, deputy superintendent of administrative fiscal services at the state Department of Education.
The company agreed not to fight for part of the school's first quarterly state distributive schools account payment, but still wants the money, Thunder said.
School officials declined comment, referring questions to lawyer Bill O'Mara, who could not be reached for comment.
The school, struggling to remain open despite financial and other problems cited by school district overseers, filed for Chapter 11 bankruptcy protection last month.