Kentucky House Bill 814

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 26 2024 - 25% progression, died in committee
Action: 2024-02-26 - to Committee on Committees (H)
Pending: House Committee On Committees Committee
Text: Latest bill text (Introduced) [PDF]

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.

AN ACT relating to public postsecondary educational institutions.

Rep. George Brown [D]

Rep. Beverly Chester-Burton [D]

Date	Chamber	Action
2024-02-26	House	to Committee on Committees (H)
2024-02-26	House	introduced in House

Type	Source
Summary	https://apps.legislature.ky.gov/record/24RS/hb814.html
Text	https://apps.legislature.ky.gov/recorddocuments/bill/24RS/hb814/orig_bill.pdf