85R21581 MK-F By: Bohac H.B. No. 3231 Substitute the following for H.B. No. 3231: By: Meyer C.S.H.B. No. 3231 A BILL TO BE ENTITLED AN ACT relating to financial accountability standards for charter schools operated by a public institution of higher education. BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: SECTION 1. Section 39.082, Education Code, is amended by adding Subsection (e-1) to read as follows: (e-1) The financial performance of a charter school operated by a public institution of higher education under Subchapter D or E, Chapter 12, shall be evaluated using only the indicators adopted under this section determined by the commissioner by rule as appropriate to accurately measure the financial performance of such charter schools. SECTION 2. This Act takes effect immediately if it receives a vote of two-thirds of all the members elected to each house, as provided by Section 39, Article III, Texas Constitution. If this Act does not receive the vote necessary for immediate effect, this Act takes effect September 1, 2017.