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House Bill 555

Actions | Amendments
Last Action 04/01/25: signed by Governor (Acts Ch. 153)
Title AN ACT relating to local government financial practices.
Bill Documents Acts Chapter 153
Current/Final
Introduced
Bill Request Number 1772
Sponsor C. Freeland
Summary of Enacted Version Amends KRS 91A.040 to change the population thresholds for exceptions to annual municipal audits to a single exception for municipalities with less than 3,000 people; changes the revenue exception from $150,000 to $500,000; requires auditor to be a certified public accountant or the Auditor of Public Accounts; allows the Department for Local Government to consider any evidence in assessing whether to allow an extension from the deadline for annual audits; permits the department to grant extensions up to 18 months; amends KRS 91A.040, 65.003, and 65.920 to indicate that the provision requiring the withholding of state funds from a city, county, or consolidated local government due to noncompliance with the statutes should not be construed to permit the withholding of nondiscretionary payments to the city, county, or consolidated local government for the provision of services to the state or any agency of the state; amends KRS 154.40-060 to allow a city government that appoints members to the board of the corporation that runs the Eastern Kentucky Exposition Center to elect to have the corporation included in its audit; allow a city government and the board to jointly elect to have its required annual audit be performed by an independent auditor; requires any independent audit to be forwarded to the Auditor of Public Accounts; amends various statutes to conform; amends KRS 68.020 to permit a county treasurer to make authorized payments by means of electronic funds transfers; makes technical changes; and amends KRS 68.275 to permit a standing order for county payments to include payments made to vendors regularly providing services to the county.
Legislative History
Summary of Original Version Amend KRS 91A.040 to change the population thresholds for exceptions to annual municipal audits to a single exception for municipalities with less than 3,000 people; change the revenue exception from $150,000 to $500,000; allow the Department for Local Government to consider any evidence in assessing whether to allow an extension from the deadline for annual audits; permit the department to grant extensions up to 18 months; amend KRS 91A.040, 65.003, and 65.920 to indicate that the withholding of state funds from a municipality due to noncompliance with the statutes should not be construed to cause the withholding of nondiscretionary payments to a city for the provision of services by the city to the state or any agency of the state; amend KRS 154.40-060 to allow a city government that appoints members to the board of the corporation that runs the Eastern Kentucky Exposition Center to elect to have the corporation included in its audit and to have its required annual audit be performed by an independent auditor; require any independent audit be forwarded to the Auditor of Public Accounts; amend KRS 42.460 and 424.220 to conform.
Index Headings of Original Version Financial Responsibility - Local governments, required financial reporting, exceptions
Local Government - Required financial reporting, exceptions
State Agencies - Department for Local Government, local governments, required financial reporting
Ethics - Code of Ethics, withholding of funds for noncompliance, exception
Auditor of Public Accounts - Local governments, required financial reporting, exceptions
Audits and Auditors - Local governments, required financial reporting, exceptions
Cities - Required financial reporting, exceptions
Jump to Proposed Amendments Senate Committee Substitute 1
Senate Committee Amendment 1
Votes Vote History

Actions

Top | Amendments
02/14/25
  • introduced in House
  • to Committee on Committees (H)
02/20/25
  • to Local Government (H)
02/25/25
  • reported favorably, 1st reading, to Calendar
02/26/25
  • 2nd reading, to Rules
  • posted for passage in the Regular Orders of the Day for Thursday, February 27, 2025
02/28/25
  • 3rd reading, passed 91-0
03/04/25
  • received in Senate
  • to Committee on Committees (S)
03/06/25
  • to State & Local Government (S)
03/12/25
  • reported favorably, 1st reading, to Calendar with Committee Substitute (1) and Committee Amendment (1-title)
03/13/25
  • 2nd reading, to Rules
03/27/25
  • posted for passage in the Regular Orders of the Day for Thursday, March 27, 2025
  • 3rd reading, passed 36-2 with Committee Substitute (1) and Committee Amendment (1-title)
  • received in House
  • to Rules (H)
03/28/25
  • posted for passage for concurrence in Senate Committee Substitute (1) and Committee Amendment (1-title)
  • House concurred in Senate Committee Substitute (1) and Committee Amendment (1-title)
  • passed 98-0
  • enrolled, signed by Speaker of the House
  • enrolled, signed by President of the Senate
  • delivered to Governor
04/01/25
  • signed by Governor (Acts Ch. 153)

Proposed Amendments

Top | Actions
Amendment Senate Committee Substitute 1
Summary Retain original provisions; amend KRS 68.020 to permit a county treasurer to make authorized payments by means of electronic funds transfers; make technical changes; amend KRS 68.275 to permit a standing order for county payments to include payments made to vendors regularly providing services to the county.
Index Headings County Judges/Executive - Electronic payments, permission
Local Government - Counties, electronic payments, permission
Local Government - Counties, vendor payments, standing order, permission
Counties - Electronic payments, permission
Counties - Vendor payments, standing order, permission

Amendment Senate Committee Amendment 1
Sponsor M. Nemes
Summary Make title amendment.
Index Headings Title Amendments - HB 555/GA

Last updated: 7/24/2025 3:26 PM (EDT)