HB 834
AN ACT relating to school district finances.
In Plain Language
This bill sets up a calendar and process for school districts to create their budgets and requires them to keep at least 2% in reserve. It gives the state education commissioner power to examine how school districts spend money and take action if they find waste, fraud, or mismanagement. The bill also lets the commissioner require districts to get more training or provide additional financial reports to fix problems.
Official summary
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.
Sponsor
M. Clines (Republican-68)
Cosponsors
None listed
Latest action
to Primary and Secondary Education (H)
Mar 10, 2026
Official source
Action history
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