Bill > SB1633

This bill introduces comprehensive new regulations and transparency requirements for charter schools in Arizona. The legislation mandates that charter schools comply with open meeting and public records requirements, ensuring that notices, agendas, and minutes are prominently posted on both the charter school's and the state board for charter schools' websites. Starting January 1, 2026, charter schools will be prohibited from contracting with for-profit organizations. The bill introduces new procurement policies requiring charter schools to disclose purchases over $50,000, prohibit certain related-party transactions, and limit administrative expenses to no more than 10% of total expenditures. Additionally, the legislation strengthens audit requirements, mandating that audits be conducted by local auditors with state expertise and follow a standard format with detailed financial information. The bill also adds new governance requirements, such as limiting immediate family members on charter school boards and requiring public disclosure of board member relationships, financial transactions, and management organization details. These changes aim to increase transparency, accountability, and financial oversight of charter schools, ensuring that public funds are used responsibly and that charter schools operate with greater public scrutiny.