Last Action | 04/08/22: signed by Governor (Acts Ch. 170) |
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Title | AN ACT relating to financial disclosures of postsecondary education institutions. |
Bill Documents |
Acts Chapter 170
Current/Final Introduced |
Bill Request Number | 2136 |
Sponsor | B. McCool |
Summary of Original Version | Create a new section of KRS Chapter 164 to require the president and chair of the governing board of each postsecondary education institution licensed or overseen by the Council on Postsecondary Education to jointly execute a signed, sworn financial disclosure statement by July 1 of each year; designate recipients of the statement; and authorize CPE to investigate if an institution fails to provide a statement to designated recipients. |
Index Headings of Original Version |
Education, Higher - Financial disclosure, institutions licensed or overseen by Council on Postsecondary Education State Agencies - Council on Postsecondary Education, receipt of statement Universities and Colleges - Financial disclosure, institutions licensed or overseen by Council on Postsecondary Education |
Jump to Proposed Amendments | House Committee Substitute 1 |
Votes | Vote History |
02/28/22 |
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03/11/22 |
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03/14/22 |
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03/15/22 |
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03/16/22 |
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03/17/22 |
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03/18/22 |
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03/21/22 |
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03/24/22 |
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03/25/22 |
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03/29/22 |
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03/30/22 |
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04/08/22 |
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Amendment | House Committee Substitute 1 |
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Summary | Retain original provisions except move the reporting date from July 1 to June 30; require the annual statement include data from the previous fiscal year; provide that the parties may rely on financial representations of designated individuals in executing the statement. |
Index Headings |
Education, Higher - Financial disclosure, CPE governance, reporting year, reasonable reliance on qualified professionals Universities and Colleges - Financial disclosure, CPE governance, reporting year, reasonable reliance on qualified professionals |
Last updated: 2/8/2023 2:57 PM (EST)