H.R. 6204 · 111th Congress
Charter School Good Governance and Transparency Act
- Stage
- In committee
- Sponsor
- Judy Chu
- Introduced
- 2010-09-23
- Latest action
- 2010-11-18 · Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.
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.