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SB 3 KY
Passed One Chamber

AN ACT relating to school district finances.

KY · session 2026RS · Senate · bill

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Introduced Jan 21, 2026

Latest action (Feb 3, 2026) to Committee on Committees (H)

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 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 (5)

Action history (12)

  1. Jan 21, 2026 introduced in Senate · upper
  2. Jan 21, 2026 to Committee on Committees (S) · upper
  3. Jan 28, 2026 to Education (S) · upper
  4. Jan 29, 2026 reported favorably, 1st reading, to Calendar with Committee Amendment (1) · upper
  5. Jan 29, 2026 floor amendment (1) filed · upper
  6. Jan 30, 2026 2nd reading, to Rules · upper
  7. Jan 30, 2026 floor amendment (2) filed · upper
  8. Jan 30, 2026 posted for passage in the Regular Orders of the Day for Monday, February 02 2026 · upper
  9. Feb 2, 2026 floor amendment (1) withdrawn · upper
  10. Feb 2, 2026 3rd reading, passed 35-1 with Committee Amendment (1) and Floor Amendment (2) · upper
  11. Feb 3, 2026 received in House · lower
  12. Feb 3, 2026 to Committee on Committees (H) · lower
Subjects
Boards And CommissionsBudget And Financial AdministrationEducation, Elementary And SecondaryEducation, FinancePublic Records And ReportsPublications

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