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

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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-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         5118--A

                               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 -- committee discharged, bill
          amended, ordered reprinted as amended and recommitted to said  commit-
          tee

        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) 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 and the comptroller of the state of
     8  New York for charter schools located in New York city, and to the audits
     9  of the comptroller of the state of New York for charter schools  located
    10  in  the rest of the state, at his or her discretion, with respect to the
    11  school's financial operations. Such audit procedures and standards shall
    12  be consistent with generally accepted accounting  and  audit  standards.
    13  Independent  fiscal  audits  shall  be  required at least once annually.
    14  Prior to conducting an audit of a charter school  located  in  New  York
    15  city,  the  comptroller  of  the  state of New York shall coordinate the
    16  scheduling and performance of such audit with  the  comptroller  of  the
    17  city of New York.
    18    § 2. This act shall take effect immediately.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03384-04-1