SCS/SB 676 - Currently, school board members may accept $5,000 per annum for performing services for (or selling property to) their district. This act applies this same limit to members of governing boards of charter schools.
The act requires the Department of Elementary and Secondary Education to complete a core data audit on all charter schools within six months of granting a school’s charter and annually thereafter.
Further, any charter school that ceases to function as an educational institution is required to follow a procedure, delineated in the act, regarding the finances of the newly defunct school. After all contractual obligations are resolved, any remaining moneys are to be transferred back to the state. Such schools also are required to provide notice to the school district in which the charter school is located that the charter school is discontinuing educational instruction. Such notice shall be provided at least sixty days prior to the date that the charter school ceases to operate.