Bill
Bill > SB159
KS SB159
Requiring school district budget forms and summaries to include all expenditures of bond proceeds.
summary
Introduced
02/03/2025
02/03/2025
In Committee
02/04/2025
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)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://kslegislature.gov/li/b2025_26/measures/sb159/ |
Fiscal Note - Ficsal Note: As introduced | https://kslegislature.gov/li/b2025_26/measures/documents/fisc_note_sb159_00_0000.pdf |
BillText | https://kslegislature.gov/li/b2025_26/measures/documents/sb159_00_0000.pdf |
Loading...