Introduced

Passed House

Passed Senate

Became law

Adjourned sine die. The bill was pending when the session ended, so it did not pass.

Last action · February 4, 2025

To Local Government (H)

Introduced January 9, 2025

House

Adjourned Sine Die

2025 Regular Session

HB171

AN ACT relating to special purpose governmental entities.

Amend KRS 65A.030, relating to special purpose governmental entities, to increase the audit and financial statement responsibility thresholds; amend KRS 65A.010 and 95A.055 to raise the fire department audit and financial statement responsibility thresholds; EFFECTIVE July 1, 2026.

Effective Dates, Delayed Financial Responsibility Firefighters and Fire Departments Local Government Special Districts State Agencies Cities Counties Special Purpose Governmental Entities

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This bill raises the dollar thresholds that determine when special purpose governmental entities and fire departments are required to complete audits and financial statements. In other words, smaller local government bodies and fire departments would only need to meet the more detailed financial reporting requirements if they handle funds above the new, higher limits. The changes would take effect July 1, 2026. Who it may affect: local special purpose government entities, volunteer and paid fire departments, and residents who rely on those departments for public safety services.

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