SB 3
AN ACT relating to school district finances.
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- Passed Senate
- Passed House
- To Governor
- Became Law
Bill overview
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 160.431 to require the annual financial report and the Kentucky Department of Education's written report be published on the district financial disclosure website; amend KRS 160.463 to require a school district to maintain a district financial disclosure website; identify the information that shall be published on the website; amend KRS 157.440, 160.390, 160.460, 160.470, 160.473, 160.530, 160.550, and 424.250 to conform; require districts to publish the most recent information available on the district financial disclosure website upon the effective date of the Act.
Sponsors
Official sponsors from legislative records.
Primary sponsor
L. Tichenor
Cosponsors
D. Douglas
G. Elkins
M. Wilson
S. Funke Frommeyer
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