By Shapiro S.B. No. 875 Substitute the following for S.B. No. 875: By Sadler C.S.S.B. No. 875 A BILL TO BE ENTITLED 1-1 AN ACT 1-2 relating to the financial accountability of school districts. 1-3 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-4 SECTION 1. Chapter 39, Education Code, is amended by adding 1-5 Subchapter I to read as follows: 1-6 SUBCHAPTER I. FINANCIAL ACCOUNTABILITY 1-7 Sec. 39.201. PROPOSED FINANCIAL ACCOUNTABILITY RATING 1-8 SYSTEM. (a) The commissioner shall in consultation with the 1-9 comptroller develop proposals for a school district accountability 1-10 rating system, to be presented to the Legislature no later than 1-11 December 15, 2000. This subsection expires September 1, 2001. 1-12 SECTION 2. Subsection (e), Section 44.008, Education Code, 1-13 is amended to read as follows: 1-14 (e) The audit reports shall be reviewed by the agency, and 1-15 the commissioner shall notify the board of trustees of objections, 1-16 violations of sound accounting practices or law and regulation 1-17 requirements, or of recommendations concerning the audit reports 1-18 that the commissioner wants to make. If the audit report reflects 1-19 that penal laws have been violated, the commissioner shall notify 1-20 the appropriate county or district attorney and the attorney 1-21 general. The commissioner shall have access to all vouchers, 1-22 receipts, district fiscal and financial records, and other school 1-23 records as the commissioner considers necessary and appropriate for 2-1 the review, analysis, and passing on audit reports. 2-2 SECTION 3. This Act takes effect September 1, 1999. 2-3 SECTION 4. The importance of this legislation and the 2-4 crowded condition of the calendars in both houses create an 2-5 emergency and an imperative public necessity that the 2-6 constitutional rule requiring bills to be read on three several 2-7 days in each house be suspended, and this rule is hereby suspended, 2-8 and that this Act take effect and be in force from and after its 2-9 passage, and it is so enacted.