04RS HB420


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HB 420 (BR 1141) - C. Belcher, De. Butler

     AN ACT relating to public accountancy.
     Amend KRS 322.280 to permit the board to grant a privilege to practice public accountancy to an applicant whose principal place of business is not in this state; change the application cost for the privilege from $200 to $100; require the holder of the privilege to notify the board immediately if the license in the applicant's home jurisdiction becomes inactive, lapses, or is subjected to disciplinary action; require that the privilege be automatically suspended or revoked if the home jurisdiction takes identical action on the license upon which the privilege is granted; require that the privilege expire at the earlier of a period of two years or until the license upon which the privilege is granted expires; permit the privilege to be renewed; permit the board to take disciplinary action against a licensee for an act committed in another state if the act at the time of its commission is a violation of this chapter; amend KRS 325.431 to exempt from the privilege extended the peer review committee's proceedings, records, and workpapers, correspondence, and records of the peer review program obtained by the board from a licensee or applicant seeking licensing or the renewal of such licensing, and statements of the peer committee to determine if the licensee or applicant for licensing or renewal is enrolled in a peer review program.


     HCS - Retain original provisions; replace references referring to the practice of accountancy to the practice of the regulated activities; delete language excluding records of the peer review program that are obtained by the board from the person seeking licensing or renewal from privileged communications and replace with language excluding from such privilege, reports so obtained.

     Jan 30-introduced in House
     Feb 2-to Licensing and Occupations (H)
     Feb 3-posted in committee
     Feb 11-reported favorably, 1st reading, to Calendar with Committee Substitute
     Feb 12-2nd reading, to Rules; posted for passage in the Regular Orders of the Day for Friday, February 13, 2004
     Feb 13-3rd reading, passed 74-13 with Committee Substitute
     Feb 17-received in Senate
     Feb 20-to Licensing, Occupations & Administrative Regulations (S)
     Mar 10-reported favorably, 1st reading, to Consent Calendar
     Mar 11-2nd reading, to Rules
     Mar 15-posted for passage in the Consent Orders of the Day for Tuesday, March 16, 2004
     Mar 16-passed over and retained in the Consent Orders of the Day
     Mar 17-passed over and retained in the Consent Orders of the Day
     Mar 18-passed over and retained in the Consent Orders of the Day
     Mar 19-3rd reading, passed 35-0
     Mar 22-received in House
     Mar 23-enrolled, signed by each presiding officer; delivered to Governor
     Apr 2-signed by Governor (Acts ch. 34)

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