(1) The local governmental entity, charter school, charter technical career center, or district school board:
(a) Has established and is operating an effective financial accounting and reporting system.
(b) Has resolved the conditions outlined in s. 218.503(1).
(2) None of the conditions outlined in s. 218.503(1) exists.
History.—s. 8, ch. 79-183; s. 28, ch. 96-324; s. 36, ch. 2004-305; s. 6, ch. 2006-190; s. 6, ch. 2009-214.
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