H.R.6204 - Charter School Good Governance and Transparency Act111th Congress (2009-2010)
|Sponsor:||Rep. Chu, Judy [D-CA-32] (Introduced 09/23/2010)|
|Committees:||House - Education and Labor|
|Latest Action:||11/18/2010 Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education. (All Actions)|
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Summary: H.R.6204 — 111th Congress (2009-2010)All Bill Information (Except Text)
Introduced in House (09/23/2010)
Charter School Good Governance and Transparency Act - Requires states to provide each charter school in the state that receives funds under the Elementary and Secondary Education Act of 1965 with a list of licensed, independent auditors that perform governmental audits.
Requires states to develop and implement policies requiring such charter schools to: (1) maintain their financial records in accordance with generally accepted accounting principles, and applicable state and federal requirements; (2) be audited annually by a licensed, independent auditor, with the findings made public and filed with their authorized public chartering agency and state; and (3) address all audit findings and report to their authorized public chartering agency on actions taken to do so.
Directs states to: (1) require such chartering agencies to report significant audit findings and the measures schools take to address them; and (2) submit overall summary analyses of the annual audits to the Secretary of Education.