FL S1706

Amends Florida Statutes section 1002.421 to add an annual financial audit requirement for private schools participating in state school choice scholarship programs.

Requires participating private schools to annually submit financially audited financial statements to the Department of Education, with audits defined per section 11.45.

Maintains existing accountability requirements including 3-year operation requirement or surety bond/letter of credit, and prohibition on schools acting as attorney-in-fact for scholarship warrant endorsement.

Takes effect July 1, 2012.