H.B. 467 - Community School Reform Summary

• Requires the Auditor of State to conduct annual audits of all community school operators covering accounts, reports, records, and expenditures of public funds.

• Prohibits for-profit operators from managing community schools effective July 1, 2024, requiring them to convert to nonprofit organizations or be replaced by educational service centers.

• Establishes annual budget requirements for community schools with standardized formats tracking administrative costs, instructional services, support services, and extracurricular costs.

• Limits operator profit to no more than 5% of total state payments received by the school and requires operators to return unexpended funds at fiscal year-end.

• Makes community school operators and management companies subject to public records laws (section 121.22) as if they were public offices, ensuring transparency and accountability.