H.R.6204 - Charter School Good Governance and Transparency Act

To require States receiving funds under the Elementary and Secondary Education Act of 1965 to establish policies with respect to the auditing of charter schools. view all titles (2)

All Bill Titles

  • Official: To require States receiving funds under the Elementary and Secondary Education Act of 1965 to establish policies with respect to the auditing of charter schools. as introduced.
  • Short: Charter School Good Governance and Transparency Act as introduced.

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Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
09/23/10
 
 
 
 
 
 
 

Official Summary

Charter School Good Governance and Transparency Act - Requires states to provide each charter school in the state that receives funds under the Elementary and Secondary Education Act of 1965 with a list of licensed, independent auditors that perform governmental audits. Requires states to d

Official Summary

Charter School Good Governance and Transparency Act - Requires states to provide each charter school in the state that receives funds under the Elementary and Secondary Education Act of 1965 with a list of licensed, independent auditors that perform governmental audits. Requires states to develop and implement policies requiring such charter schools to:
(1) maintain their financial records in accordance with generally accepted accounting principles, and applicable state and federal requirements;
(2) be audited annually by a licensed, independent auditor, with the findings made public and filed with their authorized public chartering agency and state; and
(3) address all audit findings and report to their authorized public chartering agency on actions taken to do so. Directs states to:
(1) require such chartering agencies to report significant audit findings and the measures schools take to address them; and
(2) submit overall summary analyses of the annual audits to the Secretary of Education.

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