AN ACT relating to school district finances.

Summary

The bill requires each Kentucky school district to follow a strict timeline for drafting, reviewing, and adopting annual budgets, including a minimum 2% reserve. It also gives the state commissioner of education authority to audit, investigate, and require corrective actions for fiscal mismanagement. The measure aims to improve transparency and financial stability in local schools.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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