qualified schools; audits; reporting requirements

This bill establishes new financial reporting and audit requirements for qualified schools in Arizona that accept payments from parent empowerment scholarship accounts. While the legislation maintains that these schools cannot be forced to change their curriculum or practices to participate in the program, it mandates that they comply with specific financial transparency rules. The state board of education must develop minimum financial performance standards and reporting formats similar to those used for public school districts, and a financial transparency portal will be created to publish this data. Additionally, the bill clarifies that in legal challenges regarding the law's application, the state must prove the regulations are necessary and do not impose undue burdens on these schools.