98RS HB427


Unofficial WWW Version

HB 427 (BR 1637) - M. Long

     AN ACT relating to financial administration.
     Amend KRS 41.010 to define terms; amend KRS 41.070 to remove references to paper transactions; amend KRS 41.100 to remove references to paper transactions; amend KRS 41.120 to allow electronic authorization; amend KRS 41.130 and 41.140 to delete some requirements for warrants; amend KRS 41.160 to reference imprest cash provisions; amend KRS 41.165 and 41.167 to allow application for direct deposit to be made to the employing state agency; amend KRS 41.170 to recognize the integrated system of accounts; amend KRS 41.260 and KRS 41.310 to remove references requiring paper transactions; amend KRS 41.350 to designate how long printed warrants must be retained; amend KRS 41.370 to remove references requiring paper transactions; create a new section of KRS Chapter 45 to define "warrant"; amend KRS 45.305 to delete requirement for two separate accounting systems; amend KRS 45.310 to delete references that may require paper transactions; amend KRS 45.454 to conform; amend KRS 45A.655 to allow the imprest cash system to operate within the unified and integrated system of accounts; repeal KRS 41.270.


     HCS - Retain original language except delete requirement for state agencies to notify Treasurer of all deposits; delete reference to dating and numbering checks; require the Finance and Administration Cabinet, rather than employing agency, to obtain payee's approval of direct deposit.

     Jan 27-introduced in House
     Jan 28-to State Government (H)
     Feb 20-posted in committee
     Feb 24-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 25-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for for February 26, 1998
     Mar 2-3rd reading, passed 92-0 with Committee Substitute
     Mar 3-received in Senate
     Mar 4-to State and Local Government (S)
     Mar 5-reported favorably, 1st reading, to Consent Calendar
     Mar 6-2nd reading, to Rules
     Mar 9-posted for passage in the Consent Orders of the Day for March 11, 1998
     Mar 11-3rd reading, passed 38-0
     Mar 12-received in House; enrolled, signed by Speaker of the House
     Mar 13-enrolled, signed by President of the Senate; delivered to Governor
     Mar 25-signed by Governor

Kentucky Legislature Home Page | Record Front Page