Bill > SB494

This bill requires the State Auditor to conduct a comprehensive financial audit of each charter school overseen by the State Public Charter School Commission. The audit will include a detailed examination of financial expenditures for the past three years, financial information about faculty, and the school's cash on hand balance. The Auditor must submit a report with findings and recommendations to the Legislature no later than twenty days before the 2026 regular legislative session. Following the report's submission, the State Public Charter School Commission will be required to take action based on the Auditor's recommendations within one year. The bill appropriates an unspecified amount of general state revenues to fund the audit for fiscal years 2025-2026 and 2026-2027, with the funds to be expended by the Auditor. Although the bill is technically set to take effect on July 1, 2050 (which is likely a placeholder date), its immediate purpose is to enhance financial oversight and transparency for charter schools in Hawaii.

Budget and Finance, Education

https://www.capitol.hawaii.gov/session/measure_indiv.aspx?billtype=SB&billnumber=494&year=2025