Bill

Bill > SB159


KS SB159

Requiring school district budget forms and summaries to include all expenditures of bond proceeds.


summary

Introduced
02/03/2025
In Committee
02/04/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 Regular Session

Bill Summary

AN ACT concerning school districts; relating to school district budgeting and accounting; requiring school district budget forms and summaries to include all expenditures of bond proceeds; amending K.S.A. 79-2926 and K.S.A. 2024 Supp. 72-1167 and repealing the existing sections.

AI Summary

This bill requires school districts to provide more detailed financial transparency by mandating that budget forms and summaries include comprehensive information about bond proceeds expenditures. Specifically, the bill amends existing laws to require school districts to include a separate table in their budget forms that shows all revenues and expenditures related to bonds, the total amount of outstanding bonds, and bonds issued or retired during the year. The changes will affect both the budget summary, which must now include expenditures of bond proceeds, and the annual reporting requirements for construction projects financed by bonds. School districts will need to publish this information on their websites and in their budget documents, ensuring that taxpayers and stakeholders can more easily track how bond money is being spent. The goal is to increase financial transparency and accountability by providing a clearer picture of how school districts are using bond-issued funds for construction and other authorized purposes.

Committee Categories

Education

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Education (S)

Last Action

Senate Referred to Committee on Education (on 02/04/2025)

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