Associated Press

EDMOND, Oklahoma -- Oklahoma's first online charter school is changing sponsors.

A University of Central Oklahoma spokesman says UCO has agreed with the founders of Epic One on One Charter School that Epic will withdraw its application for a charter school with the university.

Bill Hickman, an attorney for the charter school, says UCO provided "monetary compensation" to Epic but neither side will say how much.

Hickman says Epic has a new sponsor but declined to identify the organization. He says Epic plans to open for the 2011-12 school year.

An Oklahoma County judge ruled in August that Epic had a valid contract with UCO for sponsorship, even though UCO maintained that because its governing board had not approved the contract, no agreement was in place.