Plain English Breakdown
Checked against official source text during the last sync.
Charter School Audit Deadline
This bill allows the comptroller of the treasury to set a deadline for when charter schools must submit their financial audits after June 30 each year.
What This Bill Does
- Adds language that allows the comptroller of the treasury to determine how soon after June 30 of each year charter schools are required to submit audits of their accounts and records.
Who It Names or Affects
- Charter schools in Tennessee
- The comptroller of the treasury
Terms To Know
- Comptroller of the Treasury
- A state official who manages financial matters for the government.
- Audit
- An examination of a company's or organization's accounts and financial situation to check their accuracy and compliance with laws.
Limits and Unknowns
- The bill does not specify how soon after June 30 the audits must be submitted, only that this will be determined by the comptroller.
- It is unclear what consequences there are for charter schools if they do not submit their audits on time.