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Committee passes bill to modernize county financial reports and electronic transfer rules
Summary
The committee passed HB1589 to update county financial reporting language, allow counties to use a reporting format aligned with legislative audit practices and clarify exceptions for electronic transfers to federal and state entities; County Treasurer's Association said training will be provided next year.
Representative Bart Schultz presented House Bill 1589, sponsored by the County Treasurer's Association, proposing language modernizations and substantive changes to county financial reporting. Sections 1–3 replace outdated terms (for example, replacing "warrant" with "check" and "monies" with "monetary funds"). Section 4…
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