Bill Text: NY A05118 | 2021-2022 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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 6-0)

Status: (Introduced - Dead) 2022-01-05 - referred to ways and means [A05118 Detail]

Download: New_York-2021-A05118-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          5118

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    February 11, 2021
                                       ___________

        Introduced by M. of A. BENEDETTO, SIMON, JACKSON, AUBRY -- read once and
          referred 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.
                                                                   LBD03384-01-1