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MS HB905
Bill
Status
2/9/2017
Primary Sponsor
Becky Currie
Click for details
AI Summary
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Amend Section 37-37-1 to require the State Department of Education to prescribe a uniform accounting system for all school districts that specifically includes methods to track local, state, and federal funds.
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Mandate that each school board install and utilize the State Department of Education's uniform accounting system for keeping financial records of the school district.
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Transfer financial audit authority over school districts from the State Department of Audit to the State Department of Education under Section 37-61-29.
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Authorize the State Department of Education to audit and investigate financial affairs and all transactions involving local, state, and federal funds of each school district, including adequate education program funds and supplementary district funds.
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Effective date is July 1, 2017.
Legislative Description
School districts; require uniform accounting system to address local, state and federal funds and transfer audit powers to SDE.
Last Action
Died On Calendar
2/9/2017