SACRAMENTO, California — The State Senate today approved SB 645, a bill sponsored by the California Charter Schools Association (CCSA) that would increase academic accountability in the state's charter schools, linking their obligatory renewals to performance and
enabling authorizing entities to more accurately identify persistently low - performing schools.
In 2015, the IDA was informed by the New York State Authority Budget Office of the State Comptroller's Formal Opinion No.2014 - F1 which stated that Industrial Development Agency's did not have the legal authority to create subsidiaries for purposes outside of those specifically
authorized in their
enabling legislation and that IDA's are not
authorized,» to make grants or loans of its money to any type of
entity.»