HB 259 (BR 1353) - C. Belcher
AN ACT relating to the practice of accounting.
Amend KRS 325.240 to replace the requirement that the board elect a secretary and treasurer with the requirement that the board elect other officers as needed; authorize the board to join professional accounting organizations and associations; authorize the board to use its funds to provide educational programs for elementary and secondary schools to the extent that the expenditure of these funds does not preclude the board from performing its other duties; permit the board to purchase liability insurance for its members, staff, and investigators; amend KRS 325.250 to delete the requirement for an annual report of the board's activities to the Governor; amend KRS 325.330 to delete references to application and license renewal forms; require a licensee to notify the board of his or her change of address within 20 days after the change; amend KRS 325.340 to require the respondent licensee to pay the costs of the investigation and all proceedings; amend KRS 325.360 to permit the board to informally resolve the matter through mediation.
HB 259 - AMENDMENTS
HCS - Retain original provisions, except add provision granting Board of Accountants personal and subject matter jurisdiction over nonlicensees whose accounting practices harm Kentucky residents.
SCS - Retain original provisions, except grant the board personal and subject matter jurisdiction over nonlicensees whose accounting practices harm a "person in" Kentucky rather than only those practices that harm a "resident of" Kentucky; make technical corrections.
Feb 6-introduced in House
Feb 9-to Licensing & Occupations (H)
Feb 13-posted in committee
Feb 21-reported favorably, 1st reading, to Calendar with Committee Substitute
Feb 22-2nd reading, to Rules
Feb 23-placed in the Orders of the Day
Feb 27-3rd reading, passed 97-0 with Committee Substitute
Feb 28-received in Senate
Mar 2-to Licensing, Occupations and Administrative Regulations (S)
Mar 5-taken from committee; 1st reading; returned to Licensing, Occupations and Administrative Regulations (S)
Mar 6-reported favorably, 2nd reading, to Rules with Committee Substitute as a Consent Bill
Mar 7-posted for passage in the Consent Orders of the Day for Wednesday, March 7, 2007; 3rd reading, passed 38-0 with Committee Substitute
Mar 8-received in House; posted for passage for concurrence in Senate Committee Substitute for Monday, March 12, 2007
Mar 9-House concurred in Senate Committee Substitute ; passed 97-0; enrolled, signed by each presiding officer; delivered to Governor
Mar 21-signed by Governor (Acts Ch. 50)