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The Committee on Education Pre-K - 12 Appropriations (Siplin)

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recommended the following amendment:

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     Senate Amendment

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     Delete line(s) 1233-1259

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and insert:

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     (b) The charter shall ensure that, if an annual financial

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audit of a charter school or charter technical career center

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reveals one or more of the conditions in s. 218.503(1) have

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occurred or will occur if action is not taken or if a charter

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school or charter technical career center has a deficit fund

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balance or deficit net assets, the auditor must notify the

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governing board of the charter school or charter technical career

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center, as appropriate, the sponsor, and the Commissioner of

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Education.

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     (c) 1. When a financial audit conducted by a certified

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public accountant in accordance with s. 218.39 reveals that one

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or more of the conditions in s. 218.503(1) have occurred or will

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occur if action is not taken or when a deficit fund balance or

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deficit net assets exist, the auditor shall notify and provide

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the financial audit to the governing board of the charter school

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or charter technical career center, as appropriate, the sponsor,

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and the Commissioner of Education within 7 working days after the

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finding is made.

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3/18/2008  8:20:00 PM     ED.19.05210