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Subcommittee backs bill to create statewide fiscal monitoring and risk designations for school systems
Summary
House Bill 1164 passed the subcommittee; it would require local audit committees, annual audit-readiness certifications, a multi‑tier risk classification, corrective‑action timelines and a phased statewide fiscal monitoring program beginning July 1, 2026.
Floor leader Will Wade (speaker 13) presented House Bill 1164 (LC 472670s) as legislation to strengthen fiscal oversight, transparency and accountability in K–12 public education. He said the bill creates a formal fiscal monitoring framework, requires local boards to establish an audit committee meeting at least six times per year, mandates audit‑readiness certifications by…
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