House Bill 814

Last Action 02/26/24: to Committee on Committees (H)
Title AN ACT relating to public postsecondary educational institutions.
Bill Documents Introduced
Bill Request Number 2372
Sponsors G. Brown Jr., B. Chester-Burton
Summary of Original Version Create new section of KRS Chapter 164 to require all postsecondary institutions to contract with an auditor and conduct an annual audit; set deadlines for finalization of the audit and submission of audit report and requirements if deadlines are not met; set rules for the Auditor of Public Accounts and Council on Postsecondary Education to place institution under a fiscal watch; require a fiscal recovery plan for institutions on fiscal watch; sets financial terms for contracts with auditors and reduction in fees for auditor's unreasonable delay; require reference to these requirements in audit contracts between postsecondary institutions and auditors.
Index Headings of Original Version Education, Finance - Annual audit, requirements, deadlines, reports
Education, Higher - Postsecondary institutions, annual audit, requirements, deadlines, reports
Legislative Research Commission - Postsecondary institutions, audit report, fiscal watch, notice
State Agencies - Council on Postsecondary Education, audit report, review
Universities and Colleges - Annual audit, requirements, deadlines, reports
Auditor of Public Accounts - Postsecondary institutions, audit report, review
Audits and Auditors - Postsecondary institutions, annual audit, requirements, deadlines, reports
Contracts - Postsecondary institutions and auditors, required terms


  • introduced in House
  • to Committee on Committees (H)

Last updated: 5/7/2024 1:36 PM (EDT)