a summary schedule for the fiscal year of the
total dollar amount of gifts that had a total economic value of $250
or more received by the executive officers and board members. This
reporting requirement applies only to gifts received by the school
district's or open-enrollment charter school's (or charter holder's)
executive officers and board members (and their immediate family as
described by Government Code, Chapter 573, Subchapter B, Relationships
by Consanguinity or by Affinity) from an outside entity that received
payments from the school district or open-enrollment charter school
(or charter holder) in the prior fiscal year and to gifts from competing
vendors that were not awarded contracts in the prior fiscal year.
This reporting requirement does not apply to reimbursement by an outside
entity for travel-related expenses when the purpose of the travel
was to investigate matters directly related to an executive officer's
or board member's duties or to investigate matters related to attendance
at education-related conferences and seminars with the primary purpose
of providing continuing education (this exclusion does not apply to
trips for entertainment purposes or pleasure trips). This reporting
requirement excludes an individual gift or a series of gifts from
a single outside entity that had a total economic value of less than
$250 per executive officer or board member; and
(v)a summary schedule for the fiscal year of the dollar
amount received by board members for the total amount of business
transactions with the school district or open-enrollment charter school
(or charter holder). This reporting requirement is not to duplicate
the items disclosed in the summary schedule of reimbursements received
by board members; and
(C)any other information the board of trustees of
the school district or open-enrollment charter school determines to
be useful.
(4)The board of trustees of each school district or
open-enrollment charter school must hold a public hearing on the annual
financial management report within two months after receiving a final
financial accountability rating. The public hearing must be held at
a location in the district's or open-enrollment charter school's facilities.
The board must give notice of the hearing to owners of real estate
property in the geographic boundaries of the school district or open-enrollment
charter school and to parents of school district or open-enrollment
charter school students. In addition to other notice required by law,
the board must provide notice of the hearing:
(A)to a newspaper of general circulation in the geographic
boundaries of the school district or each campus of an open-enrollment
charter school once a week for two weeks prior to holding the public
meeting, providing the time and place of the hearing. The first notice
in the newspaper may not be more than 30 days prior to the public
meeting or less than 14 days prior to the public meeting. If no newspaper
is published in the county in which the district's central administration
office is located or within the geographic boundaries of an open-enrollment
charter school's campus, then the board must publish the notice in
the county nearest to the county seat of the county in which the district's
central administration office is located or in which the campus of
the open-enrollment charter school is located; and
(B)through electronic mail to the mass communication
media serving the school district or open-enrollment charter school,
including, but not limited to, radio and television.
(5)At the hearing, the school district or open-enrollment
charter school must provide the annual financial management report
to the attending parents and taxpayers.
(6)The school district or open-enrollment charter
school must retain the annual financial management report for at least
three years after the public hearing and make it available to parents
and taxpayers upon request.
(7)Each school district or open-enrollment charter
school that received an F rating must file a corrective action plan
with the TEA, prepared in accordance with instructions from the commissioner,
within one month after the school district's or open-enrollment charter
school's public hearing. The commissioner may require certain information
in the corrective action plan to address the factor(s) that may have
contributed to a school district's or an open-enrollment charter school's
F rating.
The agency certifies that legal counsel has
reviewed the adoption and found it to be a valid exercise of the agency's
legal authority.
Filed
with the Office of the Secretary of State on July 17, 2015
TRD-201502697 Cristina De La Fuente-Valadez
Director, Rulemaking
Texas Education Agency
Effective date: August 6, 2015
Proposal publication date: May 22, 2015
For further information, please call: (512) 475-1497
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