LEGISLATIVE BUDGET BOARD

Austin, Texas

FISCAL NOTE, 78TH LEGISLATIVE REGULAR SESSION

March 19, 2003

TO:	Honorable Kent Grusendorf, Chair, House Committee on Public Education
FROM:	John Keel, Director, Legislative Budget Board
IN RE:	HB1146 by Dutton (Relating to a limitation on audits of an open-enrollment charter school.), As Introduced

No fiscal implication to the State is anticipated.

This bill would limit the number of audits of an open-enrollment charter school to no more than one audit of financial records and no more than one audit of administrative records during any fiscal year unless the commissioner of education has specific cause to conduct an audit.  The bill would specify that an audit of a charter holder or management company is not considered an audit of the school.

 

This bill would take effect September 1, 2003.

Local Government Impact

No fiscal implication to units of local government is anticipated.

Source Agencies:	701 Central Education Agency
LBB Staff:	JK, CT, UP, JGM