Establishes certain requirements concerning charter school financial reporting and prohibits charter school from contracting with for-profit charter management organization.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill establishes requirements for charter school financial reporting and prohibits charter schools from contracting with for-profit charter management organizations. It mandates annual budget submissions to the Commissioner of Education, requiring a ‘user-friendly’ plain language summary for public access. The bill also requires annual audits of charter school finances and imposes disclosure requirements on charter management organizations regarding their finances and donors.
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