| |
| |
|
|
A BILL TO BE ENTITLED
|
|
|
AN ACT
|
|
|
relating to the availability of certain financial information on |
|
|
Internet websites of school districts and open-enrollment charter |
|
|
schools. |
|
|
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
|
|
SECTION 1. Subchapter D, Chapter 12, Education Code, is |
|
|
amended by adding Section 12.1191 to read as follows: |
|
|
Sec. 12.1191. POSTING OF FINANCIAL STATEMENTS. An |
|
|
open-enrollment charter school shall comply with Section 44.0035. |
|
|
SECTION 2. Subchapter A, Chapter 44, Education Code, is |
|
|
amended by adding Section 44.0035 to read as follows: |
|
|
Sec. 44.0035. POSTING OF DISTRICT FINANCIAL STATEMENTS. |
|
|
(a) A school district shall post on the district's Internet website |
|
|
the district's quarterly financial statements. The commissioner |
|
|
shall adopt rules regarding the information that must be included |
|
|
in the financial statements. |
|
|
(b) In adopting rules under this section, the commissioner |
|
|
shall require the financial statements to include: |
|
|
(1) budgeted revenue summarized by source, including |
|
|
local, state, and federal; |
|
|
(2) expenditures, including the function code |
|
|
assigned to the expenditure for the purpose of meeting state |
|
|
reporting requirements; |
|
|
(3) projected fund balance and net asset balance for |
|
|
the fiscal year end compared with the actual dollar amount in each |
|
|
fund or asset account; and |
|
|
(4) a comparison of actual revenue and expenditures to |
|
|
budgeted revenue and expenditures. |
|
|
(c) The school district shall maintain each quarterly |
|
|
statement required under Subsection (a) on the district's Internet |
|
|
website until the second anniversary of the date of the statement. |
|
|
SECTION 3. This Act takes effect immediately if it receives |
|
|
a vote of two-thirds of all the members elected to each house, as |
|
|
provided by Section 39, Article III, Texas Constitution. If this |
|
|
Act does not receive the vote necessary for immediate effect, this |
|
|
Act takes effect September 1, 2009. |