HB 21 CHARTER SCHOOL OVERSIGHT EXPENDITURE PLAN

Rep Joy Garratt

Actions: HPREF [1] not prntd-HRC

Scheduled: Not Scheduled

 House Bill 21 (HB 21) amends Public Schools relating to charter schools to specify a percentage of the school-generated program cost may be used for administrative support and monitoring obligations. New subsections require the chartering authority to provide an oversight and expenditure plan for the money retained from the charter school’s state equalization guarantee distribution and a report on spending.

 

 House Bill 21 (HB 21) is amended in Public Schools Section 22-8B-13 NMSA 1978 (being Laws 1999, Chapter 281, Section 13, as amended) relating to charter school financing as follows:

Subsection A is changed to provide that the school district or division may withhold and use up to two percent of the school-generated program cost for its administrative support of a charter school and its its monitoring and oversight obligations.

Subsection F and Subsection G are inserted as follows:

Subsection F specifies that by July 15, 2024, every local chartering authority and the division  shall provide each charter school an annual oversight and expenditure plan for the money withheld in Subsection A as specified in this subsection.

Subsection G provides that by August 1, 2025, every local chartering authority and the division  shall provide each charter school a detailed review of how the withheld percentage and amount was spent in the prior year as specified in this subsection.