This bill amends current law regarding the reporting requirements for district charter schools, independent charter schools, and mayoral academies. It requires the chief financial officer of these schools to submit quarterly reports to the commissioner of elementary and secondary education certifying the status of their budgets. The reports must include information on actual versus budgeted revenue and expenses, projected shortfalls in budget line items, and the impact on year-end financial results. Failure to comply with these reporting requirements may result in the revocation of the school's charter. This bill would take effect upon passage.

Statutes affected:
851: 16-77.2-8, 16-77.3-8, 16-77.4-8