Rhode Island 2023 Regular Session

Rhode Island Senate Bill S0851 Compare Versions

Only one version of the bill is available at this time.

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5	5	2023 -- S 0851
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7	7	LC002279
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9	9	S T A T E O F R H O D E I S L A N D
10	10	IN GENERAL ASSEMBLY
11	11	JANUARY SESSION, A.D. 2023
12	12	____________
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14	14	A N A C T
15	15	RELATING TO EDUCATION -- DISTRICT CHARTER SCHOOL
16	16	Introduced By: Senator Samuel D. Zurier
17	17	Date Introduced: March 30, 2023
18	18	Referred To: Senate Education
19	19	(Dept. of Revenue)
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21	21	It is enacted by the General Assembly as follows:
22	22	SECTION 1. Section 16-77.2-8 of the General Laws in Chapter 16-77.2 entitled "District 1
23	23	Charter School [See Title 16 Chapter 97 — The Rhode Island Board of Education Act]" is hereby 2
24	24	amended to read as follows: 3
25	25	16-77.2-8. Charter school reporting. 4
26	26	(a) All district charter schools shall continuously monitor their financial operations by 5
27	27	tracking actual versus budgeted revenue and expense. The chief financial officer of the district 6
28	28	charter school shall submit a report on a quarterly basis to the state office of municipal affairs 7
29	29	commissioner certifying the status of the district charter school budget. 8
30	30	(b) The quarterly reports shall be in a format prescribed by the state office of municipal 9
31	31	affairs commissioner and the state auditor general. The reports shall contain a statement as to 10
32	32	whether any actual or projected shortfalls in budget line items are expected to result in a year-end 11
33	33	deficit, the projected impact on year-end financial results including all accruals and encumbrances, 12
34	34	and how the district charter school plans to address any such shortfalls. The auditor general or the 13
35	35	state director of administration may petition the superior court to order the district charter school 14
36	36	to file said reports. The director of administration may also direct the state controller and general 15
37	37	treasurer to withhold any funding to the district charter school until the school complies with the 16
38	38	reporting requirements hereunder. Failure to comply with this section shall be cause for the 17
39	39	revocation of the school charter. 18
40	40	SECTION 2. Section 16-77.3-8 of the General Laws in Chapter 16-77.3 entitled 19
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44	44	"Independent Charter Schools [See Title 16 Chapter 97 — The Rhode Island Board of Education 1
45	45	Act]" is hereby amended to read as follows: 2
46	46	16-77.3-8. Charter school reporting. 3
47	47	(a) All independent charter schools shall continuously monitor their financial operations 4
48	48	by tracking actual versus budgeted revenue and expense. The chief financial officer of the 5
49	49	independent charter school shall submit a report on a quarterly basis to the state office of municipal 6
50	50	affairs commissioner certifying the status of the independent charter school budget. The quarterly 7
51	51	reports shall be in a format prescribed by the state office of municipal affairs commissioner and the 8
52	52	state auditor general. The reports shall contain a statement as to whether any actual or projected 9
53	53	shortfalls in budget line items are expected to result in a year-end deficit, the projected impact on 10
54	54	year-end financial results including all accruals and encumbrances, and how the independent 11
55	55	charter school plans to address any such shortfalls. 12
56	56	(b) The auditor general or the state director of administration may petition the superior 13
57	57	court to order the independent charter school to file said reports. The director of administration may 14
58	58	also direct the state controller and general treasurer to withhold any funding to the independent 15
59	59	charter school until the school complies with the reporting requirements hereunder. Failure to 16
60	60	comply with this section shall be cause for the revocation of the school charter. 17
61	61	SECTION 3. Section 16-77.4-8 of the General Laws in Chapter 16-77.4 entitled "Mayoral 18
62	62	Academies [See Title 16 Chapter 97 — The Rhode Island Board of Education Act]" is hereby 19
63	63	amended to read as follows: 20
64	64	16-77.4-8. Mayoral academy reporting. 21
65	65	(a) All mayoral academies shall continuously monitor their financial operations by tracking 22
66	66	actual versus budgeted revenue and expense. The chief financial officer of a mayoral academy shall 23
67	67	submit a report on a quarterly basis to the state office of municipal affairs commissioner certifying 24
68	68	the status of that mayoral academy’s budget. The quarterly reports shall be in a format prescribed 25
69	69	by the state office of municipal affairs commissioner and the state auditor general. The reports shall 26
70	70	contain a statement as to whether any actual or projected shortfalls in budget line items are expected 27
71	71	to result in a year-end deficit, the projected impact on year-end financial results including all 28
72	72	accruals and encumbrances, and how the mayoral academy plans to address any such shortfalls. 29
73	73	(b) The auditor general or the state director of administration may petition the superior 30
74	74	court to order a mayoral academy to file said reports. The director of administration may also direct 31
75	75	the state controller and general treasurer to withhold any funding to a mayoral academy until the 32
76	76	school complies with the reporting requirements hereunder. Failure to comply with this section 33
77	77	shall be cause for the revocation of the school charter. 34
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81	81	SECTION 4. This act shall take effect upon passage. 1
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88	88	EXPLANATION
89	89	BY THE LEGISLATIVE COUNCIL
90	90	OF
91	91	A N A C T
92	92	RELATING TO EDUCATION -- DISTRICT CHARTER SCHOOL
93	93	***
94	94	This act would require that certain quarterly reports required to be filed by district charter 1
95	95	schools, mayoral academies and independent charter schools be submitted to the commissioner of 2
96	96	elementary and secondary education. 3
97	97	This act would take effect upon passage. 4
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