Bill Text: NY S04926 | 2019-2020 | General Assembly | Introduced

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Bill Title: Requires the state comptroller and the comptroller of the city of New York to coordinate the scheduling and performance of audits of charter schools in the city of New York.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Introduced - Dead) 2020-01-08 - REFERRED TO NEW YORK CITY EDUCATION [S04926 Detail]

Download: New_York-2019-S04926-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          4926
                               2019-2020 Regular Sessions
                    IN SENATE
                                     March 29, 2019
                                       ___________
        Introduced  by  Sen.  LIU  --  read  twice and ordered printed, and when
          printed to be committed to the Committee on Education
        AN ACT to amend the education law, in relation  to  charter  schools  in
          cities with a population of one million or more
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Paragraph (c) of subdivision  1  of  section  2854  of  the
     2  education law, as amended by section 10-b of part A of chapter 56 of the
     3  laws of 2014, is amended to read as follows:
     4    (c) (i) A charter school shall be subject to the financial audits, the
     5  audit  procedures,  and the audit requirements set forth in the charter,
     6  and shall be subject to audits of the comptroller [of  the  city  school
     7  district]  of  the  city  of New York for charter schools located in New
     8  York city, and to the audits of the comptroller of the state of New York
     9  [for charter schools located in the rest of the state], at  his  or  her
    10  discretion, with respect to the school's financial operations.
    11    (ii)  Such  audit  procedures  and  standards shall be consistent with
    12  generally accepted accounting and audit  standards.  Independent  fiscal
    13  audits shall be required at least once annually.
    14    (iii)  To  avoid  duplication of effort and in the interest of economy
    15  and avoiding interference with school operations, prior to conducting an
    16  audit of a charter school in New York city, the  state  comptroller  and
    17  the  comptroller of the city of New York shall coordinate the scheduling
    18  and performance of such audits.
    19    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10779-01-9