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AL SB466
Bill
Status
2/23/2010
Primary Sponsor
George Keahey
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AI Summary
SB466 Summary
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Makes optional the requirement for county and city boards of education to publish annual financial statements in local newspapers, changing the language from "shall" to "may" in Sections 16-8-37 and 16-11-24 of the Code of Alabama 1975.
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Changes the required publication month from October to November for financial statements and indebtedness reports.
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Repeals Sections 16-9-28, 16-9-33, and 16-12-17, which previously required payrolls to be signed by the chair of the local board of education.
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Maintains the existing requirement under the School Fiscal Accountability Act for boards of education to post financial statements and reports on the Internet.
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Becomes effective July 1, 2010, following passage and approval by the Governor.
Legislative Description
Local boards of education, reporting requirements, publications of financial statements in local newspaper, optional, signing of payrolls by chair of board, requirement abolished, Secs. 16-8-37, 16-11-24 am'd.; Secs. 16-9-28, 16-9-33, 16-12-17 repealed
Education
Last Action
Read for the first time and referred to the Senate committee on Fiscal Responsibility and Accountability
2/23/2010