Summary of Original Version

Amend KRS 65A.030 to increase the fiscal reporting levels of special purpose governmental entities; allow entities conducting yearly audits to move to an audit every 4 years if the entity receives 2 sequential audit reports with unqualified opinions and report the fact that the entity is operating under the alternative audit schedule to the Department for Local Government; require an entity to have yearly audits if the entity receives anything but an unqualified audit opinion at a subsequent audit; amend KRS 147.635, relating to area planning commissions, to align their audit requirements to those in KRS 65A.030; amend KRS 220.280, relating to sanitation districts, to align their audit requirements to those in KRS 65A.030; amend KRS 43.070 and 186.240 to combine the county clerks' independent audits of motor vehicle and motorboat registration fees and licenses, motor vehicle usage taxes, and ad valorem taxes on motor vehicles and motorboats into the county clerks' regular periodic audit; require the Kentucky Transportation Cabinet to bear the cost of the portion of the audit attributed to receipts from motor vehicles and motorboats; amend KRS 64.830, relating to final settlements of outgoing county officials, to make the settlement to be complete within 60 days of the expiration of the term of office or the date a vacancy is otherwise created to account for unexpected vacancies in office; require that if an official's vacancy does not coincide with the end of the calendar year or end of the official's term, the outgoing county official is to remit any remaining funds to the fiscal court as excess fees and require the fiscal court to provide an amount equal to the excess fees remitted by the outgoing official to the outgoing county official's successor for official use; repeal KRS 43.071, relating to the annual audit of county clerk's motor vehicle and motorboat tax receipts; EFFECTIVE, in part, July 1, 2027.

Summary of Amendment: Senate Committee Substitute 1

Summary Retain original provisions, except require the Auditor of Public Accounts to determine certain procedures that specified special purpose governmental entities shall follow rather than the Department for Local Government; create a new section of KRS Chapter 65A to allow qualifying entities to perform an agreed-upon procedures engagement and set out process; amend KRS 65A.010 to remove from the definition of "special purpose governmental entity" a local industrial development authority established pursuant to KRS 154.50-301 to 154.50-346 if the funds of the authority are audited as part of the budget of the establishing entity for the authority; make technical corrections.

Summary of Amendment: House Floor Amendment 1 -- D. Meade

Summary Retain original provisions; amend KRS 75.031 to require all trustees of a fire district to personally reside in the fire district and declare a vacancy if a trustee moves outside the district during his or her term; amend KRS 273.207 to require all board members of a fire department organized under KRS Chapter 273 to be residents of the area served by the corporation and declare a vacancy if the member moves outside the geographic area during his or her term; declare a vacancy to exist for board members who do not reside in the district or area in the effective date of the Act; provide a method to fill the vacancy; EMERGENCY.

Summary of Amendment: House Floor Amendment 2 -- D. Meade

Summary Make title amendment.

Statutes affected:
Introduced: 65A.030, 147.635, 220.280, 43.070, 186.240, 64.830
Senate Committee Substitute 1: 65A.030, 147.635, 220.280, 43.070, 186.240, 64.830, 65A.010
Current: 65A.030, 147.635, 220.280, 43.070, 186.240, 64.830, 65A.010