Clarifying Operations of Public Charter School Board.

Sec. 347. Clarifying Operations of Public Charter School Board. Section 2214 of the School Reform Act of 1995 (Public Law 104–134; D.C. Code 38–1802.14), is amended—(1) by striking subsection (f) and inserting the following:“(f) Audit.—The Board shall maintain its accounts according to Generally Accepted Accounting Principles for Not-for-Profit Organizations. The Board shall provide for an audit of the financial statements of the Board by an independent certified public accountant in accordance with Government auditing standards for financial audits issued by the Comptroller General of the United States. The findings and recommendations of any such audit shall be forwarded to the Mayor, the District of Columbia Council, the 118 STAT. 1353 appropriate congressional committees, and the Office of the Chief Financial Officer.”; and(2) adding at the end the following:“(h) Contracting and Procurement.—The Board shall have the authority to solicit, award, and execute contracts independently of the Office of Contracting and Procurement and the Chief Procurement Officer. Nothing in chapter 3 of title 2 of the District of Columbia Code shall affect the authority of the Board under this subsection.”.