Today's Law As Amended

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AB-2087 School districts: emergency apportionments: audits.(2011-2012)



SECTION 1.

 Section 41344.7 is added to the Education Code, to read:

41344.7.
 (a) If an audit conducted by the Controller, or his or her designee, pursuant to subdivision (d) of Section 41320.1, finds a school district has not complied with the conditions of apportionment, the school district shall have two years from the date of the final audit report to correct the deficiencies that led to the audit finding. The Education Audit Appeals Panel may waive or reduce the reimbursement or penalty amount if the Controller, or his or her designee, determines that the school district has taken the appropriate corrective action. If, after two years, the school district fails to correct the deficiencies that led to the audit finding, based on the Controller’s review and assessment, the school district shall repay the reimbursement or penalty and waive its right to appeal the audit finding pursuant to Section 41344.1.
(b) This section does not apply to all of the following:
(1) Audit findings, in any year, that are the result of mathematical errors, clerical errors, or a failure to retain records basic to the audit.
(2) The first two audits performed pursuant to subdivision (d) of Section 41320.1.
(3) Audits conducted after the governing board of the school district assumes full control over the school district.