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House Bill 555

Actions | Amendments

Last Action	03/13/25: 2nd reading, to Rules
Title	AN ACT relating to municipal financial practices.
Bill Documents	Current Introduced
Bill Request Number	1772
Sponsor	C. Freeland
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

Proposed Amendments

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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: 3/13/2025 11:37 PM (EDT)