Kentucky
General Assembly

02/21/12	introduced in House
02/22/12	to Appropriations & Revenue (H)
03/02/12	posted in committee
03/13/12	reported favorably, 1st reading, to Consent Calendar with Committee Substitute, committee amendment (1-title)
03/14/12	2nd reading, to Rules posted for passage in the Consent Orders of the Day for Friday, March 16, 2012
03/16/12	3rd reading, passed 93-0 with Committee Substitute, committee amendment (1-title)
03/19/12	received in Senate
03/21/12	to Licensing, Occupations, & Administrative Regulations (S)
03/23/12	floor amendment (1) filed
03/26/12	reported favorably, 1st reading, to Calendar
03/27/12	2nd reading, to Rules
03/28/12	posted for passage in the Regular Orders of the Day for Wednesday, March 28, 2012 3rd reading floor amendment (1) withdrawn passed 35-0 received in House
03/29/12	enrolled, signed by Speaker of the House
03/30/12	enrolled, signed by President of the Senate delivered to Governor
04/11/12	signed by Governor (Acts ch. 98)

Amendment	House Committee Substitute 1
Impact Statements	Fiscal Note
Summary	Retain original provisions, except amend KRS 324.410 to broaden the current statutory purposes of the real estate education, research, and recovery fund to include benefiting those seeking a real estate license in addition to those licensed under the chapter, but without including consumers served by real estate licensees, and the advancement of communications and technology in the field; restore the existing language for the current enumerated statutory purposes of the fund rather than removing these purposes; add language to amend KRS 330.192 to include under the current statutory purposes of the auctioneer's education, research, and recovery fund benefiting those seeking an auctioneer license in addition to those licensed under the chapter; authorize reimbursement to the trust and agency account for expenses incurred in subsidizing the programs and activities under the responsibility of the recovery fund; set cap not to exceed $250,000 annually for transfers or reimbursements of funds from the recovery fund to the trust and agency account; direct that the statement of income and expenses of the fund are in accordance with state financial reporting requirements and made available within 120 days after the end of each fiscal year on the board's Web site or through other public media.
Index Headings	Fiscal Note - Real estate education, research, and recovery fund, purposes of Licensing - Real estate education, research, and recovery fund, purposes of Occupations and Professions - Real estate education, research, and recovery fund, purposes of Real Estate - Real estate education, research, and recovery fund, purposes of

Amendment	House Committee Amendment 1
Sponsor	R. Rand
Summary	Make title amendment.
Index Headings	Fiscal Note - Real estate education, research, and recovery fund, purposes of Licensing - Real estate education, research, and recovery fund, purposes of Occupations and Professions - Real estate education, research, and recovery fund, purposes of Real Estate - Real estate education, research, and recovery fund, purposes of

Amendment	Senate Floor Amendment 1
Sponsor	D. Seum
Summary	Direct the Kentucky Real Estate Commission to hire accountants to conduct an annual independent audit of the commission's financial activities; make the annual opinions and reports of the accountants available to the Governor and the Auditor of Public Accounts; authorize the Auditor of Public Accounts to access and examine the papers and property of the commission; permit the Auditor of Public Accounts to exercise all the powers of that office under KRS Chapter 43 with respect to the commission.
Index Headings	Fiscal Note - Real estate education, research, and recovery fund, purposes of Licensing - Real estate education, research, and recovery fund, purposes of Occupations and Professions - Real estate education, research, and recovery fund, purposes of Real Estate - Real estate education, research, and recovery fund, purposes of