H.B. No. 4571 aims to streamline the requirements for school districts regarding the publication of 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 removes specific requirements for school districts, including the stipulation that financial statements must be published in a newspaper within the district's boundaries or, if none exists, in an adjoining county. Additionally, the bill clarifies that the publication timeline for financial statements is not applicable to school districts, open-enrollment charter schools, or certain entities created under the Texas Constitution.

Furthermore, the bill introduces a new Section 140.0065 to the Local Government Code, 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. Overall, the bill seeks to eliminate redundant requirements and simplify the financial reporting process for educational institutions in Texas.

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