Regards auditing of chartered nonpublic schools

SB 48 amends Ohio law to require the Auditor of State to annually audit all public funds received by chartered nonpublic schools. It specifically mandates audits of funds from three sources: the educational choice scholarship program, administrative cost reimbursements, and auxiliary services reimbursements. The bill directly affects chartered nonpublic schools that receive state funds, requiring them to undergo annual financial reviews of these specific public money accounts. The law repeals the previous auditing provision and defines "public money" to include these three fund types for audit purposes. This creates a standardized annual audit process for public funds in chartered nonpublic schools.