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Kentucky · 2025 Regular Session · Bill

HB 555: AN ACT relating to local government financial practices.

Enacted Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 555 is a bill introduced in the Kentucky House on February 14, 2025. According to its official title, it concerns: AN ACT relating to local government financial practices. Most recent recorded action (April 1, 2025): signed by Governor (Acts Ch. 153).

Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written

Official summary

Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.

Amend KRS 91A.040 to change the population thresholds for exceptions to annual municipal audits to a single exception for municipalities with less than 3,000 people; change the revenue exception from $150,000 to $500,000; allow the Department for Local Government to consider any evidence in assessing whether to allow an extension from the deadline for annual audits; permit the department to grant extensions up to 18 months; amend KRS 91A.040, 65.003, and 65.920 to indicate that the withholding of state funds from a municipality due to noncompliance with the statutes should not be construed to cause the withholding of nondiscretionary payments to a city for the provision of services by the city to the state or any agency of the state; amend KRS 154.40-060 to allow a city government that appoints members to the board of the corporation that runs the Eastern Kentucky Exposition Center to elect to have the corporation included in its audit and to have its required annual audit be performed by an independent auditor; require any independent audit be forwarded to the Auditor of Public Accounts; amend KRS 42.460 and 424.220 to conform.

Sponsors

NameRolePartyChamberDistrict
No sponsor recorded in source data.

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. signed by Governor (Acts Ch. 153)
  2. delivered to Governor
  3. enrolled, signed by President of the Senate
  4. enrolled, signed by Speaker of the House
  5. passed 98-0
  6. House concurred in Senate Committee Substitute (1) and Committee Amendment (1-title)
  7. posted for passage for concurrence in Senate Committee Substitute (1) and Committee Amendment (1-title)
  8. to Rules (H)
  9. received in House
  10. 3rd reading, passed 36-2 with Committee Substitute (1) and Committee Amendment (1-title)
  11. posted for passage in the Regular Orders of the Day for Thursday, March 27, 2025
  12. 2nd reading, to Rules

Showing 12 most recent of 23 actions. Full history

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source