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The Board of Education already approved the application for Knoxville Preparatory School in April. The agreement lasts through June 2035.
The Board of Education tweaked the original Memorandum of Understanding's data sharing and transportation sections.
When the Knox County school board met earlier this month, members hit a tense 4-4 deadlock on a series of votes.
Board members said they found several deficiencies in the charter school's application. However, proposals to list the reasons it failed also failed.
Tennessee law allows Knox Prep to be funded by local taxpayer dollars with light oversight by the school board.