KentuckyAN ACT relating to local government financial practices.
What it does
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.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2025
- Apr 1signed by Governor Andy Beshear (Acts Ch. 153)Became Law
- Mar 28delivered to Governor
- Vote recorded Final Passage. Result: pass.Lower
- Mar 28enrolled, signed by President of the SenateTo Governor
- Mar 28enrolled, signed by Speaker of the HouseMajor
- Mar 28passed 98-0Major
- Mar 28House concurred in Senate Committee Substitute (1) and Committee Amendment (1-title)
- Mar 28posted for passage for concurrence in Senate Committee Substitute (1) and Committee Amendment (1-title)
- Mar 27to Rules (H)Minor
- Vote recorded PASS HB 555 W/ scs1 scta1. Result: pass.Lower
- Mar 27received in House
- Mar 273rd reading, passed 36-2 with Committee Substitute (1) and Committee Amendment (1-title)Passed Senate
- Mar 27posted for passage in the Regular Orders of the Day for Thursday, March 27, 2025
- Mar 132nd reading, to RulesMinor
- Mar 12reported favorably, 1st reading, to Calendar with Committee Substitute (1) and Committee Amendment (1-title)Minor
- Mar 6to State & Local Government (S)Minor
- Mar 4to Committee on Committees (S)Minor
- Mar 4received in Senate
- Feb 283rd reading, passed 91-0Passed House
- Vote recorded Pass. Result: pass.Lower
- Feb 26posted for passage in the Regular Orders of the Day for Thursday, February 27, 2025
- Feb 262nd reading, to RulesMinor
- Feb 25reported favorably, 1st reading, to CalendarMinor
- Feb 20to Local Government (H)Minor
- Feb 14to Committee on Committees (H)Minor
- Feb 14introduced in HouseIntroduced