26RS HB 834

House Bill 834

Actions

Last Action	03/03/26: to Committee on Committees (H)
Title	AN ACT relating to school district finances.
Bill Documents	Introduced
Bill Request Number	2251
Sponsor	M. Clines
Summary of Original Version	Create a new section of KRS Chapter 160 to establish the calendar and procedures for a district superintendent and local board of education to adopt a school district budget; require that a budget must include a reserve of not less than 2%; amend KRS 156.200 to authorize the commissioner of education to examine the expenditures, business methods, accounts, financial accounts, and educational records of a local board of education to enforce state law, and to take certain actions upon reason to suspect waste, fraud, fiscal mismanagement, or inaccurate accounts; establish parameters for the commissioner of education when considering an examination; authorize the commissioner of education to require additional training or financial reports to correct issues; provide for oversight by the Kentucky Board of Education; amend KRS 157.440, 160.390, 160.460, 160.470, 160.473, 160.530, 160.550, and 424.250 to conform.
Index Headings of Original Version	Boards And Commissions - Local boards of education, budget-setting process, establishment Budget And Financial Administration - Commissioner of education, examination of local board records; authorization Budget And Financial Administration - Local boards of education, budget-setting process, establishment Education, Elementary And Secondary - Budget-setting process, school districts, establishment Education, Elementary And Secondary - Commissioner of education, examination of local board records; authorization Education, Finance - Budget-setting process, school districts, establishment Education, Finance - Commissioner of education, examination of local board records; authorization