Apr 13, 2010 8:49 AM by Associated Press
Colorado is getting nearly $40 million to help overhaul its lowest achieving schools.
Secretary of Education Arne Duncan made the announcement Monday. He said the money is part of $3.5 billion set aside for schools nationally in last year's budget and the federal stimulus package.
Colorado school districts with schools that have failed to meet minimum progress standards for two years can compete to win a share of the money.
Districts must promise to use the money at those schools in one of four ways. They can close them and send students elsewhere, reopen the school as a charter school, or replace the principal and
rehire no more than half the teachers, or simply replace the principal and make other changes at the school, such as overhauling the curriculum.