Kentucky House of Representatives bill in Session 26RS.
Status: in_committee. Latest action: March 10, 2026.
AN ACT relating to school district finances.
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.
| Date | Event | Detail |
|---|---|---|
| 2026-03-03 | Introduced | Bill introduced |
| 2026-03-10 | Status | in_committee |
| 2026-03-10 | Latest Action | 03/10/26: to Primary and Secondary Education (H) |