Educational bankruptcy act.

AN ACT relating to education; creating the educational bankruptcy act; establishing a cause of action for educational bankruptcy; specifying requirements to petition for educational bankruptcy; specifying duties of the state superintendent of public instruction; authorizing parents and guardians to petition for educational bankruptcy; specifying duties of the district court; providing for the appointment of educational bankruptcy trustees; specifying conditions for dismissal or release of jurisdiction in educational bankruptcy; modifying teacher certification; and providing for an effective date.