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A06158 Summary:

Amd §2854, Ed L
Requires audits of charter schools include comparing funding to the number of students to ensure proper funding.
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A06158 Actions:

04/03/2023referred to education
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A06158 Text:

                STATE OF NEW YORK
                               2023-2024 Regular Sessions
                   IN ASSEMBLY
                                      April 3, 2023
        Introduced  by M. of A. HYNDMAN -- read once and referred to the Commit-
          tee on Education
        AN ACT to amend the education law, in relation to  requiring  audits  of
          charter schools include comparing funding to the number of students to
          ensure proper funding
          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 for charter schools located in New York
     8  city, and to the audits of the comptroller of the state of New York  for
     9  charter  schools  located  in  the  rest  of  the  state,  at his or her
    10  discretion, with respect to  the  school's  financial  operations.  Such
    11  procedures  and  standards  shall  be consistent with generally accepted
    12  accounting and audit  standards.  Independent  fiscal  audits  shall  be
    13  required at least once annually. To ensure proper funding of the charter
    14  school  and affected public schools, any audit of a charter school under
    15  this paragraph shall include, but not be limited to, a comparison of the
    16  funding provided to the charter  school  per  enrolled  student  to  the
    17  number of currently enrolled students.
    18    §  2.  This act shall take effect on the first of July next succeeding
    19  the date on which it shall have become a law. Effective immediately, the
    20  addition, amendment and/or repeal of any rule  or  regulation  necessary
    21  for  the implementation of this act on its effective date are authorized
    22  to be made and completed on or before such effective date.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
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