PRIORITY SYSTEMS, INC. (THE SCHOOL) IS GOVERNED BY A BOARD OF DIRECTORS COMPRISED OF FIVE MEMBERS. THE SCHOOL WAS INCORPORATED IN 1998 AND PROVIDES AN ALTERNATIVE LEARNING ENVIRONMENT FOR STUDENTS. THE SCHOOL OPERATES UNDER AN OPEN ENROLLMENT CHARTER GRANTED BY THE STATE OF TEXAS BOARD OF EDUCATION. THIS CHARTER WAS ISSUED FOR A PERIOD OF FIVE YEARS STARTING OCTOBER 1998 AND IS SUBJECT TO REVIEW AND RENEWAL PERIODICALLY. THE SCHOOL'S CHARTER WAS EXTENDED UNTIL JULY 31, 2025. THE SCHOOL IS PART OF THE PUBLIC-SCHOOL SYSTEM OF THE STATE OF TEXAS AND IS THEREFORE ENTITLED TO DISTRIBUTION FROM THE STATE'S AVAILABLE SCHOOL FUND. THE SCHOOL DOES NOT HAVE THE AUTHORITY TO IMPOSE AD VALOREM TAXES OR TO CHARGE TUITION.