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Amend CSHB 3 (house committee printing) by adding the following appropriately numbered SECTION to Article 1 of the bill and renumbering subsequent SECTIONS of that article accordingly:
SECTION 1.____. Subchapter D, Chapter 12, Education Code, is amended by adding Section 12.1142 to read as follows:
Sec. 12.1142. EFFICIENCY AUDIT. (a) For purposes of this section, "efficiency audit" means an investigation of the operations of an open-enrollment charter school to examine fiscal management and efficiency.
(b) The governing body of an open-enrollment charter school shall conduct an efficiency audit before:
(1) requesting approval from the commissioner for a revision to the school's charter or an expansion amendment under Section 12.114; or
(2) establishing a new open-enrollment charter school campus under Section 12.101(b-4).
(c) The open-enrollment charter school must:
(1) pay for the costs associated with an efficiency audit required under this section; and
(2) post the results of the efficiency audit on the open-enrollment charter school's Internet website before taking an action described by Subsection (b).
(d) An auditor selected by the governing body of an open-enrollment charter school must maintain independence from the school and complete the audit not later than three months after the date the auditor was selected.
(e) An open-enrollment charter school shall provide all documents, records, and personnel requested by the auditor as needed to conduct the audit in an efficient manner. If an open-enrollment charter school fails to timely comply with this subsection, the auditor shall report the school's failure to the agency and the governing body of the school.