AN ACT relating to economic development.

Amend KRS 45.812 to require an agency, corporation, or school district that is authorized to issue a general obligation bond by an appropriation of the General Assembly, or by or on behalf of any Kentucky school district, to report the costs associated with the issuance of the bond to the Capital Projects and Bond Oversight Committee and the Interim Joint Committee on Appropriations and Revenue.

Education, Finance Bonds, Public Reports Mandated Fiscal Note

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This bill requires government agencies, corporations, and school districts that issue certain bonds to report the costs of issuing those bonds to two legislative oversight committees. It adds a transparency step so that lawmakers can monitor how much is being spent to secure public borrowing. This applies to bonds authorized through state appropriations or issued on behalf of Kentucky school districts. Who it may affect: school districts, state agencies, and legislators responsible for overseeing public spending.

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