Bill > SB159

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.

Education

Education (S)

https://kslegislature.gov/li/b2025_26/measures/sb159/