Requires the state comptroller and the comptroller of the city of New York to coordinate the scheduling and performance of audits of charter schools in the city of New York.
STATE OF NEW YORK
________________________________________________________________________
552
2025-2026 Regular Sessions
IN SENATE(Prefiled)
January 8, 2025
___________
Introduced by Sens. LIU, SALAZAR -- read twice and ordered printed, and
when printed to be committed to the Committee on New York City Educa-
tion
AN ACT to amend the education law, in relation to charter schools in
cities with a population of one million or more
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Paragraph (c) of subdivision 1 of section 2854 of the
2 education law, as amended by section 10-b of part A of chapter 56 of the
3 laws of 2014, is amended to read as follows:
4 (c) A charter school shall be subject to the financial audits, the
5 audit procedures, and the audit requirements set forth in the charter,
6 and shall be subject to audits of the comptroller [of the city school
7 district] of the city of New York and the comptroller of the state of
8 New York for charter schools located in New York city, and to the audits
9 of the comptroller of the state of New York for charter schools located
10 in the rest of the state, at [his or her] the comptroller's discretion,
11 with respect to the school's financial operations. Such audit procedures
12 and standards shall be consistent with generally accepted accounting and
13 audit standards. Independent fiscal audits shall be required at least
14 once annually. Prior to conducting an audit of a charter school located
15 in New York city, the comptroller of the state of New York shall coordi-
16 nate the scheduling and performance of such audit with the comptroller
17 of the city of New York.
18 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD02430-01-5
