Local Education Agencies - As introduced, specifies that the comptroller of the treasury is authorized to determine how soon after June 30 of each year charter schools are required to submit audits of their accounts and records. - Amends TCA Title 49, Chapter 13.

SB 127 modifies Tennessee's requirement for charter schools to submit annual financial audits. It changes the current rule (which requires audits "as soon as practical after June 30") to allow the state comptroller to set the specific deadline each year. This bill directly affects all Tennessee charter schools, as it gives the comptroller authority to determine when audits must be submitted annually. The change is procedural, focusing solely on the timing of audit submissions without altering audit content or standards. The bill does not create new requirements but adjusts the administrative process for compliance.