HB 1347 Summary

• Requires charter school annual audits to be performed by an independent auditor selected and determined by the authorizer, with authorizer discretion to allow a financial review in lieu of an audit.

• Charter schools must provide full access to all records to their authorizer upon request, without charging any fees.

• Authorizers may search charter school records at any time without payment of fees.

• Defines "records" as financial accounts, accounting systems, books, files, papers, and documents.

• Effective date: July 1, 2050.