MI SB0944

Requires educational management organizations (EMOs) entering or renewing management agreements with public school academies, urban high school academies, and schools of excellence to provide annual financial statements disclosing specific expenditures and compensation retained from fees and charges assessed to the schools.

Mandates EMOs disclose fringe benefits for employees, officers, or board members involved in day-to-day operations at these schools whose compensation exceeds $100,000 per year.

Requires school boards to publish all EMO financial disclosures, compensation details, and management agreements on their website homepages within 30 days of receipt in a form prescribed by the department.

Applies the same transparency requirements to strict discipline academies entering into or renewing management agreements with EMOs, establishing new Section 1311c.

Takes effect 90 days after enactment into law.