8040444, 6A-1.0081 - Florida Administrative Rules, Law, Code, Register

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Florida Department of State and Division of Library and Information Services

Notice: 8040444

Notice of Proposed Rule

Department:

DEPARTMENT OF EDUCATION

Division:

State Board of Education

Chapter:

FINANCE AND ADMINISTRATION

Overview

RULE:

6A-1.0081

Charter School and Charter Technical Career Center Financial Statements and Financial Conditions.

PURPOSE:

The proposed new rule will establish procedures for charter schools and charter technical career centers to develop financial recovery and corrective action plans and establish procedures for determining a charter school or center’s deteriorating financial condition. The rule will also specify the requirements for a charter school or center’s monthly financial statement to be submitted to its sponsor.

SUMMARY:

The rule specifies the requirements for a charter school’s monthly financial statements, criteria for determining a deteriorating financial condition or state of financial emergency, and a process for development and approval of a corrective action plan and financial recovery plan.

RULEMAKING AUTHORITY:

218.503, 1001.02(1), 1002.345 FS.

LAW:

218.39, 218.503, 1002.33(9)(g), 1002.34(11)(f), 1002.345 FS.

PRINT PUBLISH DATE:

12/18/2009 Vol. 35/50

COMMENTS:

From 12/18/2009 To 1/8/2010 (21 Days)
The public comment period for this notice has already expired.

REFERENCE MATERIALS:

No reference(s).

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