Kentucky legislation · 2026 Regular Session
Kentucky SB133: AN ACT relating to the fiscal reporting of local entities.
Status: Signed into law, April 27, 2026
Amend KRS 65A.030 to increase the fiscal reporting levels of special purpose governmental entities; allow entities conducting yearly audits to move to an audit every 4 years if the entity receives 2 sequential audit reports with unqualified opinions and report the fact that the entity is operating under the alternative audit schedule to the Department for Local Government; require an entity to have yearly audits if the entity receives anything but an unqualified audit opinion at a subsequent audit; amend KRS 147.635, relating to area planning commissions, to align their audit requirements to those in KRS 65A.030; amend KRS 220.280, relating to sanitation districts, to align their audit requirements to those in KRS 65A.030; amend KRS 43.070 and 186.240 to combine the county clerks' independent audits of motor vehicle and motorboat registration fees and licenses, motor vehicle usage taxes, and ad valorem taxes on motor vehicles and motorboats into the county clerks' regular periodic audit; require the Kentucky Transportation Cabinet to bear the cost of the portion of the audit attributed to receipts from motor vehicles and motorboats; amend KRS 64.830, relating to final settlements of outgoing county officials, to make the settlement to be complete within 60 days of the expiration of the term of office or the date a vacancy is otherwise created to account for unexpected vacancies in office; require that if an official's vacancy does not coincide with the end of the calendar year or end of the official's term, the outgoing county official is to remit any remaining funds to the fiscal court as excess fees and require the fiscal court to provide an amount equal to the excess fees remitted by the outgoing official to the outgoing county official's successor for official use; repeal KRS 43.071, relating to the annual audit of county clerk's motor vehicle and motorboat tax receipts; EFFECTIVE, in part, July 1, 2027.
What the bill says
An act relating to the fiscal reporting of local entities.
From the committee substitute text:
AN ACT relating to the fiscal reporting of local entities. Be it enacted by the General Assembly of the Commonwealth of Kentucky: Section 1. KRS 65A.030 is amended to read as follows: (1) For fiscal periods beginning on or after July 1, 2014, requirements relating to audits and financial statements of special purpose governmental entities are as follows: (a) Every special purpose governmental entity with the higher of annual receipts from all sources or annual expenditures of less than five hundred thousand dollars ($500,000)[one hundred thousand dollars ($100,000)] and 2. Once every four (4) years, contract for the application of an attestation engagement as determined by the DLG, as provided in subsection (2) of this section; (b) Every special purpose governmental entity with the higher of annual receipts from all sources or annual expenditures equal to or greater than five hundred thousand dollars ($500,000)[one hundred thousand dollars ($100,000)] but less than one million dollars ($1,000,000)[five hundred thousand dollars ($500,000)] and 2. Once every four (4) years, contract for the provision of an independent audit as provided in subsection (2) of this section; and (c) 1. Every special purpose governmental entity with the higher of annual receipts from all sources or annual expenditures equal to or greater than one million dollars ($1,000,000)[five hundred thousand dollars ($500,000)] shall, unless qualified for the …
Sponsors
- Matt Nunn (R, SD-017) · primary sponsor
Latest actions
- : signed by Governor (Acts Ch. 199)
- : delivered to Governor
- : enrolled, signed by Speaker of the House
- : enrolled, signed by President of the Senate
- : passed 37-0
- : Senate concurred in Floor Amendment (3)
- : posted for passage for concurrence in House Floor Amendment (3)
- : to Rules (S)
- : received in Senate
- : 3rd reading, passed 97-0 with Floor Amendment (3)
Votes
- Senate: FINAL PASSAGE OF SB 133 w/ HFA 3 (HFA 3) RSN# 4257 (April 15, 2026): 37 yea, 0 nay, passed
- House: Pass RCS# 489 (April 15, 2026): 97 yea, 0 nay, passed
- Senate: PASS SB 133 w/ SCS 1 (SCS 1) RSN# 3901 (March 10, 2026): 38 yea, 0 nay, passed
Subjects: State Agencies, Special Districts, Sewer Systems, Planning And Zoning, Financial Responsibility, Special Purpose Governmental Entities, Taxation, Sales And Use, Taxation
Common questions
- What is SB133?
- SB133 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT relating to the fiscal reporting of local entities.
- What does SB133 do?
- In its own words: An act relating to the fiscal reporting of local entities.
- What is the status of SB133?
- Signed into law as of April 27, 2026. Latest action: signed by Governor (Acts Ch. 199) (April 27, 2026).
- Who sponsored SB133?
- Matt Nunn (R, SD-017).
- Where is the official record for SB133?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/sb133.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.