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    Magnolia Complaint - Exhibit 31

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    Investigate Magnolia Schools
    Exhibit 31 of the complaint demanding investigation by the State of California of Magnolia Public Schools, a charter school group connected to the controversial Turkish preacher Fethullah Gülen.

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    Magnolia Complaint - Exhibit 31

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    Investigate Magnolia Schools
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    Exhibit 31 of the complaint demanding investigation by the State of California of Magnolia Public Schools, a charter school group connected to the controversial Turkish preacher Fethullah Gülen.

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    Exhibit 31 of the complaint demanding investigation by the State of California of Magnolia Public Schools, a charter school group connected to the controversial Turkish preacher Fethullah Gülen.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    34 views2 pages

    Magnolia Complaint - Exhibit 31

    Uploaded by

    Investigate Magnolia Schools
    Exhibit 31 of the complaint demanding investigation by the State of California of Magnolia Public Schools, a charter school group connected to the controversial Turkish preacher Fethullah Gülen.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Exhibit 31

    Arizona Daily Star: Pima IDA helped Turkish-run, out-of-state schools 09/16/2010
    Page 1 of 1

    Sr. Reporter: Pima IDA helped Turkish-run, out-of-state schools

    Page 1 of 1

    Sr. Reporter: Pima IDA helped Turkish-run, out-of-state schools


    SEPTEMBER 16, 2010 3:25 PM TIM STELLER

    Some readers noticed a detail in my Sunday story on the Pima County Industrial Development
    Authority that I didn't bother to delve into. Two of the seven out-of-state bond issues by IDA were for
    Turkish-run charter school companies, in the mold of the local Sonoran Science Academy. This is the
    network of schools I've written about, inspired (at the least) by exiled Turkish imam Fethullah Glen.
    The two are Coral Academy of Science in Nevada and Horizon Science Academy and Chicago Math
    and Science Academy, in Illinois and Ohio. The latter two are part of the Concept Schools group and
    benefited from the same bond issue.
    Coral, which is in Reno, is the closer cousin to the Sonoran Science Academy schools among these
    schools. Sonoran and Coral are members of the Accord Institute, which is a Turkish-run nonprofit in
    California that serves as a kind of hub for the West's Gulen schools and provides curriculum and other
    services to the schools. Also, staff has moved between Coral and the Sonoran schools.
    Coral was one of the first out-of-state charter schools to benefit from the expansion of activities by
    Pima County's Industrial Development Authority. A $7.7 million bond issue for the school, enabled by
    the IDA, occurred Aug. 27, 2008.
    In the other case, the named borrower is a corporation called New Plan Learning, but the specific
    schools that would benefit from the bond issue are the Horizon Science Academy schools in Ohio, as
    well as Chicago Math & Science Academy.
    That bond issue has not yet occurred. The IDA's job, for what it's worth, is to act as a conduit that
    connects a borrower and a lender, allowing the lender to issue tax-exempt bonds. In June the Pima
    County Board of Supervisors approved up to $90 million in financing for the Horizon and Chicago
    schools.
    Not surprisingly, Sonoran Science Academy has also been a beneficiary of Pima IDA bond issues. But
    that's been true of many Arizona charter schools since the IDA began financing their projects in about
    2001. Sonoran's Phoenix school benefited from $2.1 million in bond financing in January 2006, and the
    Pima IDA facilitated a $10.6 million bond issue in December that year.

    Exhibit 31, Page 1 of 1

    http://tucson.com/news/blogs/senor-reporter/sr-reporter-pima-ida-helped-turkish-run-out-of-state/article_a2... 2/1/2016

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