SB472

Moms for Liberty Georgia

Fiscal responsibility. 1. Allows suspension of school board members for financial mismanagement- If the state auditor finds financial mismanagement or misconduct, the State Board of Education can recommend the Governor suspend local school board members. The Governor can appoint temporary replacements. 2. Limits superintendent contracts in financially troubled districts- If a district is labeled high-risk financially, contracts cannot exceed 12 months. 3. Allows termination of superintendents for audit findings- If the state auditor finds financial misconduct or the superintendent refuses to follow a required financial correction plan, the board can terminate the superintendent for cause. 4. Creates a new state monitoring system for school finances- The Department of Audits and Accounts must track the financial health of every school system. Districts could receive increasing levels of oversight, from assistance to strict intervention. 5. Limits emergency advance state funding- School districts cannot receive more than 50% of their annual state funding in advance unless the state auditor approves it and requires a financial recovery plan. 6. Expands the state auditor’s authority- The state auditor can investigate school systems directly if there is evidence of financial misconduct.