Last Action | 02/26/24: to Committee on Committees (H) |
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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 |
02/26/24 |
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Last updated: 9/26/2024 1:37 PM (EDT)