R277-553-5. Charter School Financial Practices and Training

  (1)(a) A charter school shall hire or contract with a business administrator to perform the duties described in Section 53G-4-303.

  (b) A charter school business administrator shall attend business meetings required by the Superintendent or the school's authorizer.

  (2) A charter school board shall:

  (a) regularly monitor the charter school's business administrator described under Subsection (1); and

  (b) ensure the business administrator fulfills the duties outlined in Section 53G-4-303.

  (3) The Board may impose corrective action against a charter school for failure to provide financial and statistical information required by law or Board rules in accordance with Rule R277-114.

  (3) A charter school shall comply with the Utah State Procurement Code, Title 63G, Chapter 6.

  (4) A charter school may not receive necessarily existent small schools funding under Subsection 53F-2-304(2) and Rule R277-445.