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Guardianship accounting bill (SB 2903) would require fuller financial documentation in annual accounts
Summary
Senate Bill 2903 would require guardians of estates to submit full bank and investment statements and receipts with annual accounts to strengthen oversight; committee received the bill as a committee substitute and left it pending.
Senate Bill 2903, described by the dean of the Senate as a measure to enhance transparency in guardianship estate accounting, would require guardians to submit full bank and investment statements at the end of accounting periods along with receipts and invoices for purchases, debit card transactions and ATM withdrawals.
The sponsor told the committee that under current law the estate code does not always require "key financial documentation, such as complete bank or investment statements and receipts for all expenditures," which can create gaps in oversight, particularly in counties with limited auditing resources. The measure was presented as a committee substitute drafted by legislative counsel.
No resource witnesses were called and public testimony did not take place; the chair closed public testimony and left SB 2903 pending for further committee consideration.
