House Bill No. 4571 aims to streamline the requirements for school districts regarding the publication of their annual financial statements. The bill repeals Section 140.006 of the Local Government Code, which previously mandated that the presiding officer of a school district submit a financial statement to local newspapers. It also removes specific publication timelines and requirements for school districts, including the stipulation that statements must be published within 150 days after the fiscal year ends. Instead, the bill clarifies that these requirements do not apply to school districts, open-enrollment charter schools, or certain entities created under the Texas Constitution.

Additionally, the bill introduces a new section, 140.0065, which specifically addresses the publication of financial statements by open-enrollment charter schools. This section mandates that the governing body of an open-enrollment charter school ensure that its financial statement is made available in accordance with Chapter 552 of the Government Code and is continuously posted on the school's website. The overall intent of the bill is to eliminate redundant regulations and simplify the financial reporting process for educational institutions in Texas.

Statutes affected:
Introduced: Local Government Code 140.006, Education Code 31.105 (Education Code 31, Local Government Code 140)