The bill amends section 15-183 of the Arizona Revised Statutes, specifically addressing the financial and electronic data submission requirements for charter schools. Under current law, charter schools are required to adhere to the same financial standards as school districts, including a uniform system of financial records, procurement rules, and audit requirements. However, the existing law allows for the possibility of exceptions to these requirements based on determinations made by various educational authorities.

The new bill language introduces a significant change by explicitly stating that a charter school's charter cannot exempt it from the uniform system of financial records. Additionally, it removes the requirement for the auditor general to conduct a comprehensive review of the uniform system of financial records to ensure alignment with private business accounting principles. This change emphasizes the importance of maintaining consistent financial reporting standards for charter schools without the possibility of exemptions.

Statutes affected:
Introduced Version: 15-183