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Senate Bill S4926

2019-2020 Legislative Session

Relates to charter schools in cities with a population of one million or more

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Archive: Last Bill Status - In Senate Committee New York City Education Committee

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2019-S4926 (ACTIVE) - Details

See Assembly Version of this Bill:
A7766
Current Committee:
Senate New York City Education
Law Section:
Education Law
Laws Affected:
Amd §2854, Ed L
Versions Introduced in Other Legislative Sessions:
2021-2022: S1117, A5118
2023-2024: S2173, A4514
2025-2026: S552

2019-S4926 (ACTIVE) - Summary

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.

2019-S4926 (ACTIVE) - Sponsor Memo

2019-S4926 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4926
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                              March 29, 2019
                                ___________
 
 Introduced  by  Sen.  LIU  --  read  twice and ordered printed, and when
   printed to be committed to the Committee on Education
 
 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:
 
   Section 1. Paragraph (c) of subdivision  1  of  section  2854  of  the
 education law, as amended by section 10-b of part A of chapter 56 of the
 laws of 2014, is amended to read as follows:
   (c) (I) A charter school shall be subject to the financial audits, the
 audit  procedures,  and the audit requirements set forth in the charter,
 and shall be subject to audits of the comptroller [of  the  city  school
 district]  of  the  city  of New York for charter schools located in New
 York city, and to the audits of the comptroller of the state of New York
 [for charter schools located in the rest of the state], at  his  or  her
 discretion, with respect to the school's financial operations.
   (II)  Such  AUDIT  procedures  and  standards shall be consistent with
 generally accepted accounting and audit  standards.  Independent  fiscal
 audits shall be required at least once annually.
   (III)  TO  AVOID  DUPLICATION OF EFFORT AND IN THE INTEREST OF ECONOMY
 AND AVOIDING INTERFERENCE WITH SCHOOL OPERATIONS, PRIOR TO CONDUCTING AN
 AUDIT OF A CHARTER SCHOOL IN NEW YORK CITY, THE  STATE  COMPTROLLER  AND
 THE  COMPTROLLER OF THE CITY OF NEW YORK SHALL COORDINATE THE SCHEDULING
 AND PERFORMANCE OF SUCH AUDITS.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10779-01-9

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