SB466 Alabama 2010 Session

Under existing law, the School Fiscal Accountability Act, each local board of education is required to post financial statements and other financial reports on the Internet

Also under the School Fiscal Accountability Act, the position of custodian of school funds is abolished and the newly created position of chief school financial officer is required to verify payments of all local board of education funds upon written order of the local superintendent of education

This bill would make optional the requirement that a local board of education publish financial statements, now available on the Internet, in the local newspaper

This bill would also delete the requirement that payrolls be signed by the chair of the local board of education

Relating to local boards of education; to amend Sections 16-8-37 and 16-11-24, Code of Alabama 1975, to make optional the publication of local board of education financial statements in a local newspaper; and to repeal Sections 16-9-28, 16-9-33, and 16-12-17, Code of Alabama 1975, requiring the signing of payrolls by the chair of the local board of education.