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A BILL TO BE ENTITLED
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AN ACT
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relating to the applicability of certain financial provisions to |
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campus or campus program charter schools. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 12.056, Education Code, is amended by |
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adding Subsection (c) to read as follows: |
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(c) The following provisions apply to an entity to which a |
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charter is granted to operate a campus or program under this |
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subchapter in the same manner as if the entity were granted a |
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charter for an open-enrollment charter school under Subchapter D |
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and to the campus or program as if the campus or program were an |
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open-enrollment charter school: |
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(1) an audit under Section 12.1163; |
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(2) requirements regarding related party transactions |
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under Section 12.1166; |
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(3) a financial report under Section 12.1168; |
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(4) a prohibition on accepting loans from or entering |
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into contracts with certain management companies under Section |
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12.124; |
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(5) requirements related to contracts for management |
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services under Section 12.125; and |
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(6) a prohibition on contracts with certain management |
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companies under Section 12.126. |
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SECTION 2. This Act takes effect September 1, 2025. |