within sixty (60) months from the individual's hiring date; or
(ii) the individual has at least ten (10) years of
experience working in school business in a school entity.
(3) An individual employed as a business administrator or in
an equivalent position prior to the effective date of this
section who does not possess a baccalaureate degree or five (5)
years of experience working in school business in a school
entity are exempt from the requirements of this section.
(d) An individual hired as a business administrator or in an
equivalent position after the effective date of this section
with less than five (5) years of experience with a school entity
shall be required to earn twenty (20) continuing education units
or twenty (20) continuing professional education hours in school
accounting, budgeting, debt, reporting, financial planning,
facility construction and operation, special education funding
and services, purchasing of any school supply or service,
student transportation, food service, human resources,
technology, Federal funding, school business management,
leadership or communications from an organization approved to
offer continuing professional education hours by the State Board
of Accountancy or a State or national organization providing
continuing education units as part of a certification program
for school business officials within twenty-four (24) months
from the individual's hiring date.
(e) If a school entity hires an individual as a business
administrator or in an equivalent position under subsection (c)
and the individual does not comply with the requirements of this
section, the school entity shall apply to the Secretary of
Education for an extension for the individual to comply with
subsection (c)(1) or (2). The school entity must provide
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