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HB 814 KY
Introduced

AN ACT relating to public postsecondary educational institutions.

KY · session 2024RS · Assembly / House · bill

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Introduced Feb 26, 2024

Latest action (Feb 26, 2024) to Committee on Committees (H)

Summary

Create new section of KRS Chapter 164 to require all postsecondary institutions to contract with an auditor and conduct an annual audit; set deadlines for finalization of the audit and submission of audit report and requirements if deadlines are not met; set rules for the Auditor of Public Accounts and Council on Postsecondary Education to place institution under a fiscal watch; require a fiscal recovery plan for institutions on fiscal watch; sets financial terms for contracts with auditors and reduction in fees for auditor's unreasonable delay; require reference to these requirements in audit contracts between postsecondary institutions and auditors.

Sponsors (2)

Action history (2)
  1. Feb 26, 2024 introduced in House · lower
  2. Feb 26, 2024 to Committee on Committees (H) · lower
Subjects
Auditor of Public AccountsAudits and AuditorsContractsEducation, FinanceEducation, HigherLegislative Research CommissionState AgenciesUniversities and Colleges

Text versions (1)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • Introduced · PDF

Full text

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