To amend the Elementary and Secondary Education Act of 1965 to improve oversight of private charter management organizations, and for other purposes.
Charter Oversight, Accountability, and Transparency Act or the COAT Act
This bill requires state educational agencies, in order to receive certain federal funds, to ensure that each contract between a charter school located in the state and a private charter management organization includes certain compliance requirements.
Specifically, such organization must annually disclose certain information to the Department of Education (ED), including the identity of each charter school it operates or manages, the amount expended on operations and administration, information about its contracts, and an audited income statement. ED must publish such information on its website.
Additionally, such organization must hold board meetings that are open and accessible to the public.
Introduced in House
Introduced in House
Referred to the House Committee on Education and Labor.
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