,i #aah? ,,congress #a/ ,session ,h4 ,r4 #djhc ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,june #ac1 #bjbc,ms4 ,tlaib 7= h]self1 ,ms4 ,wilson ( ,florida1 & ,mr4 ,b[man7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,education & ! ,work=ce ,a ,,bill ,to am5d ! ,elem5t>y & ,second>y ,education ,act ( #aife to improve ov]sight ( private *>t] managem5t organizations1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,*>t] ,ov]sight1 ,acc\ntability1 & ,transp>5cy ,act or ! ,,coat ,act4 #b4 ,ov]sight ( private *>t] managem5t organizations 7a7 ,/ate plan assurance ,section #aaaa7;g7 ( ! ,elem5t>y & ,second>y ,education ,act ( #aife 7#bj ,u4,s4,c4 #fcaa7;g77 is am5d$-- 7#a7 9 p>agraph 7#b7-- 7,a7 9 subp>agraph 7,m71 by /rik+ & at ! end2 7,b7 9 subp>agraph 7,n71 by /rik+ ! p]iod at ! end & ins]t+ 2 &2 & 7,c7 by add+ at ! end ! foll[+ new subp>agraph3 7,o7 ! ,/ate educational ag5cy w ensure t ea* contract betwe5 a *>t] s*ool locat$ 9 ! ,/ate & a private *>t] managem5t organization = ! op]ation or managem5t ( ! *>t] s*ool satisfies ! requirem5ts describ$ 9 p>agraph 7#e74 2 & 7#b7 by add+ at ! end ! foll[+ new p>agraph3 7#e7 ,private *>t] managem5t organization ov]sight 7,a7 ,9 g5]al ,a contract describ$ 9 p>agraph 7#b77,o7 %all require a private *>t] managem5t organization to comply1 :ile "u contract1 ) ! foll[+3 7i7 ,annual disclosures ,! private *>t] managem5t organization %all disclose annually to ! ,secret>y1 = ! mo/ rec5tly complet$ fiscal ye>1 ! foll[+ in=mation3 7,i7 ,! id5tity ( ea* *>t] s*ool op]at$ or manag$ by ! private *>t] managem5t organization4 7,,ii7 ,! id5tity ( ea* executive1 includ+ ! *ief executive (fic]1 *ief op]at+ (fic]1 *ief f9ancial (fic]1 & g5]al c\nsel1 ( ! private *>t] managem5t organization 7) updates provid$ to ! ,secret>y n lat] ?an "o mon? aft] a *ange ) respect to any su* executive74 7,,iii7 ,! sal>y ( ea* su* executive4 7,,iv7 ,! am\nt e>n$ 9 excess ( sal>y by ea* su* executive4 7,v7 ,! am\nt exp5d$ by ! private *>t] managem5t organization on ! foll[+3 7aa7 ,! op]ations ( ea* *>t] s*ool t is s]v$ by ! private *>t] managem5t organization4 7bb7 ,! adm9i/ration ( ! private *>t] managem5t organization1 exclud+ am\nts acc\nt$ = "u item 7aa74 7,,vi7 ,an audit$ income /atem5t & balance %eet demon/rat+ rev5ue1 co/s1 & pr(it m>g9 7prep>$ 9 accordance ) g5]ally accept$ acc\nt+ pr9ciples74 7,,vii7 ,! am\nt exp5d$ by ! private *>t] managem5t organization1 & ! p]c5tage ( ! annual budget ( ! private *>t] managem5t organization t ea* su* am\nt comprises1 = ! foll[+3 7aa7 ,adm9i/rative co/s4 7bb7 ,co/s ( adv]tis+ & m>ket+4 7cc7 ,sal>y & b5efits = tea*]s1 support /aff1 s*ool lead]s 7includ+ ! pr9cipal & vice pr9cipal71 & special education in/ructional support /aff4 7dd7 ,co/s ( in/ructional supplies1 includ+ books1 writ+ mat]ial1 & curriculum mat]ial4 7ee7 ,any o!r co/ exce$+ "o p]c5t ( ! annual budget ( ! private *>t] managem5t organization4 7,,viii7 ,:e!r ! private *>t] managem5t organization is a =-pr(it or nonpr(it organization4 7,,ix7 ,! id5tity ( any entity t has ent]$ into a contract ) ! private *>t] managem5t organization & ) respect to :i* ! private *>t] managem5t organization-- 7aa7 owns a security2 7bb7 ext5ds cr$it2 7cc7 is a p>5t1 subsidi>y1 or sibl+ company2 or 7dd7 is "u common control4 7ii7 ,bo>d meet+s ,! private *>t] managem5t organization %all-- 7,i7 hold bo>d meet+s t are op5 to ! public2 7,,ii7 "o week prior to ! date ( a bo>d meet+1 issue a public notice ( ! meet+2 & 7,,iii7 ensure t bo>d meet+s are reasonably accessible to ! community by hold+ ! meet+s dur+ a "t ( day t is reasonably conv5i5t = ! p>5ts ( *ildr5 enroll$ 9 a *>t] s*ool s]v$ by ! private *>t] managem5t organization4 7,b7 ,private *>t] managem5t organization def9$ ,= purposes ( ?is subsection1 ! t]m private *>t] managem5t organization means a private organization t op]ates or manages a *>t] s*ool or a network ( *>t] s*ools l9k$ by c5traliz$ support1 op]ations1 & ov]sight1 )\t reg>d to :e!r su* organization is a =-pr(it or nonpr(it organization4 4 7b7 ,public availability & report to ,congress ,n lat] ?an #f mon?s aft] receiv+ in=mation disclos$ pursuant to section #aaaa7;g77#e7 ( ! ,elem5t>y & ,second>y ,education ,act ( #aife1 z add$ by subsection 7a71 ! ,secret>y ( ,education %all-- 7#a7 make available ! in=mation on a public website ( ! ,dep>tm5t ( ,education2 & 7#b7 submit to ! ,committee on ,education & ,labor ( ! ,h\se ( ,repres5tatives & ! ,committee on ,heal?1 ,education1 ,labor1 & ,p5sions ( ! ,s5ate a report conta9+ ! in=mation4 7c7 ,effective date ,! am5dm5t made 9 subsection 7a7 %all apply ) respect to contracts ent]$ into1 r5ew$1 or modifi$ on or aft] ! date ( ! enactm5t ( ?is ,act4