SB 267 — An Act relating to powers and duties of the Legislative Budget and Audit Committee; relating to public school financial information and audits; and establishing a public school financial data Internet website.

Bill Text

• SB 267 View text Current pdf

AI-generated reading aid from the bill's amendatory text — verify against the official bill.

The bill amends provisions related to school audits and establishes a public school financial data Internet website.

• AS 14.03.078(a)

  AND → AND (11) a link to the public school financial data Internet website of the Legislative Budget and Audit Committee established under AS 24.20.207.

  Adds a requirement to include a link to the new financial data website in the annual report on school performance.

• AS 14.14.050(a)

  with the commissioner, and one certified copy shall be filed with the Legislative Budget and Audit Committee → with the Legislative Budget and Audit Committee, and one certified copy shall be filed with the commissioner

  Changes the order of where the audit copies must be filed, stressing the Legislative Budget and Audit Committee.

• AS 14.14.050(b)

  COMMISSIONER → Committee

  Changes the notification recipient from the commissioner to the Legislative Budget and Audit Committee for non-compliance with the audit filing.

• AS 14.14.050(c)

  IN the Legislative Budget and Audit Committee determines COMMISSIONER'S JUDGMENT → if the Legislative Budget and Audit Committee determines it is necessary

  Shifts the decision-making authority for audits from the commissioner to the Legislative Budget and Audit Committee.

• AS 14.17.505(a)

  DEFINED BY DEPARTMENT REGULATIONS

  Removes the reference to department regulations regarding fund balance categorization.

• AS 14.17.505(b)

  BE DEDUCTED

  Removes the directive that state aid must be deducted without changing the overall requirement for the Legislative Budget and Audit Committee to inform the department.

• AS 24.20

  Sec. 24.20.207. Public school financial data Internet website.

  Establishes a new section requiring a searchable internet website to provide financial information from school district audits.

• AS 24.20.207(a)(1)

  (1) financial information from the audits for each of the preceding 10 fiscal years; the financial information must be

  Mandates that the financial information for the past 10 fiscal years be made accessible on the new website.

• AS 24.20.207(a)(3)(A)

  the committee's determination of the school district's year-end operating fund balance under AS 14.17.505(b) and the amount by which the unreserved portion of that balance exceeds the amount permitted under AS 14.17.505(a);

  Requires the website to include a report on each school district's operating fund budget and year-end balance.

• AS 24.20.207(c)

  The Internet website and the materials posted on the Internet website must be accessible to the public at no cost.

  Ensures that the financial data website is free for public access.

• Uncodified law

  TRANSITION: FINANCIAL INFORMATION FOR PRECEDING FISCAL YEARS.

  Sets a transition schedule for when the Legislative Budget and Audit Committee must provide financial information on the new website for prior fiscal years.

Action History

1. March 27, 2026

   (S) <Bill Hearing Canceled> -- MEETING CANCELED --

2. March 27, 2026

   (S) EDUCATION at 03:30 PM BELTZ 105 (TSBldg)

3. February 23, 2026

   (S) REFERRED TO EDUCATION

4. February 23, 2026

   (S) EDC, FIN

5. February 23, 2026

   (S) READ THE FIRST TIME - REFERRALS

Sponsors

• Jesse Bjorkman · Primary

Subjects