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SB 586 (2026)

Mandate annual school district financial audit reporting

This bill is still active.

Last updated 2026-05-05 5:37 pm
Summary:

Requires each city, school district, and chartered public school to file a financial audit report with the Department of Education by September 1 annually, detailing receipts, expenditures, and assets.

The House rewrote the bill. Their version of the bill requires chartered public schools, school administrative units, and cities or school
districts to be audited by an independent public accountant after the end of the fiscal year and for the results of such audits to be made available to the public. If a school fails to submit these reports, the state will withhold its grant funding until the requirements are met.

Bill Sponsor:
Keith Murphy
Republican party logo
Status:
HOUSE
Public Hearing Date:
04/07/2026 01:00 pm
Public Hearing Location:
GP Room 232
House Voting Date:
04/23/2026
Senate Voting Date:
03/26/2026
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