Bill > HB1693

This bill modifies state law to expand the State Auditor's responsibilities regarding financial audits of open-enrollment charter schools. Specifically, the bill adds open-enrollment charter schools that annually receive more than $100 million in state revenue to the State Auditor's risk assessment and audit processes. When devising the audit plan, the State Auditor is now required to consider performing audits on these high-revenue charter schools and may collaborate with the State Board of Education in doing so. The State Auditor has the discretion to limit the scope of these audits to charter schools that pose the highest financial risk to the state. This change means that larger charter schools will be subject to more rigorous financial oversight, with the goal of ensuring proper use of state funds and identifying potential financial problems early. The bill will take effect on September 1, 2025, giving state agencies time to prepare for the new audit requirements.

Education

https://capitol.texas.gov/BillLookup/History.aspx?LegSess=89R&Bill=HB1693