| Chapter 397 |
| 2024 -- S 3151 Enacted 06/26/2024 |
| A N A C T |
| RELATING TO EDUCATION -- DISTRICT CHARTER SCHOOL |
Introduced By: Senator Sandra Cano |
| Date Introduced: June 07, 2024 |
| It is enacted by the General Assembly as follows: |
| SECTION 1. Section 16-77.2-8 of the General Laws in Chapter 16-77.2 entitled "District |
| Charter School [See Title 16 Chapter 97 — The Rhode Island Board of Education Act]" is hereby |
| amended to read as follows: |
| 16-77.2-8. Charter school reporting. |
| (a) All district charter schools shall continuously monitor their financial operations by |
| tracking actual versus budgeted revenue and expense. The chief financial officer of the district |
| charter school shall submit a report on a quarterly basis to the state office of municipal affairs |
| commissioner certifying the status of the district charter school budget. |
| (b) The quarterly reports shall be in a format prescribed by the state office of municipal |
| affairs commissioner and the state auditor general. The reports shall contain a statement as to |
| whether any actual or projected shortfalls in budget line items are expected to result in a year-end |
| deficit, the projected impact on year-end financial results including all accruals and encumbrances, |
| and how the district charter school plans to address any such shortfalls. The auditor general or the |
| state director of administration may petition the superior court to order the district charter school |
| to file said reports. The director of administration may also direct the state controller and general |
| treasurer to withhold any funding to the district charter school until the school complies with the |
| reporting requirements hereunder. Failure to comply with this section shall be cause for the |
| revocation of the school charter. |
| SECTION 2. Section 16-77.3-8 of the General Laws in Chapter 16-77.3 entitled |
| "Independent Charter Schools [See Title 16 Chapter 97 — The Rhode Island Board of Education |
| Act]" is hereby amended to read as follows: |
| 16-77.3-8. Charter school reporting. |
| (a) All independent charter schools shall continuously monitor their financial operations |
| by tracking actual versus budgeted revenue and expense. The chief financial officer of the |
| independent charter school shall submit a report on a quarterly basis to the state office of municipal |
| affairs commissioner certifying the status of the independent charter school budget. The quarterly |
| reports shall be in a format prescribed by the state office of municipal affairs commissioner and the |
| state auditor general. The reports shall contain a statement as to whether any actual or projected |
| shortfalls in budget line items are expected to result in a year-end deficit, the projected impact on |
| year-end financial results including all accruals and encumbrances, and how the independent |
| charter school plans to address any such shortfalls. |
| (b) The auditor general or the state director of administration may petition the superior |
| court to order the independent charter school to file said reports. The director of administration may |
| also direct the state controller and general treasurer to withhold any funding to the independent |
| charter school until the school complies with the reporting requirements hereunder. Failure to |
| comply with this section shall be cause for the revocation of the school charter. |
| SECTION 3. Section 16-77.4-8 of the General Laws in Chapter 16-77.4 entitled "Mayoral |
| Academies [See Title 16 Chapter 97 — The Rhode Island Board of Education Act]" is hereby |
| amended to read as follows: |
| 16-77.4-8. Mayoral academy reporting. |
| (a) All mayoral academies shall continuously monitor their financial operations by tracking |
| actual versus budgeted revenue and expense. The chief financial officer of a mayoral academy shall |
| submit a report on a quarterly basis to the state office of municipal affairs commissioner certifying |
| the status of that mayoral academy’s budget. The quarterly reports shall be in a format prescribed |
| by the state office of municipal affairs commissioner and the state auditor general. The reports shall |
| contain a statement as to whether any actual or projected shortfalls in budget line items are expected |
| to result in a year-end deficit, the projected impact on year-end financial results including all |
| accruals and encumbrances, and how the mayoral academy plans to address any such shortfalls. |
| (b) The auditor general or the state director of administration may petition the superior |
| court to order a mayoral academy to file said reports. The director of administration may also direct |
| the state controller and general treasurer to withhold any funding to a mayoral academy until the |
| school complies with the reporting requirements hereunder. Failure to comply with this section |
| shall be cause for the revocation of the school charter. |
| SECTION 4. This act shall take effect upon passage. |
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| LC006250 |
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