The bill amends section 117.113 of the Revised Code to enhance the auditing requirements for chartered nonpublic schools in Ohio. It mandates that the auditor of state conduct annual audits of each science, technology, engineering, and mathematics (STEM) school, as well as the specific funds or accounts of each chartered nonpublic school that receive public money. The definition of "public money" is clarified to include funds from the educational choice scholarship program, administrative and clerical cost reimbursements, and auxiliary services reimbursements.

Additionally, the bill introduces new legal language that specifies the auditing process for these schools, ensuring accountability and transparency in the use of public funds. The existing section 117.113 is repealed, indicating a complete overhaul of the previous regulations governing the auditing of chartered nonpublic schools.

Statutes affected:
As Introduced: 117.113