Last Action | 04/01/25: signed by Governor (Acts Ch. 153) |
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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. |
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 |
02/14/25 |
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02/20/25 |
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02/25/25 |
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02/26/25 |
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02/28/25 |
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03/04/25 |
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03/06/25 |
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03/12/25 |
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03/13/25 |
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03/27/25 |
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03/28/25 |
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04/01/25 |
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Amendment | Senate Committee Substitute 1 |
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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 |
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Sponsor | M. Nemes |
Summary | Make title amendment. |
Index Headings | Title Amendments - HB 555/GA |
Last updated: 7/24/2025 3:26 PM (EDT)