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Alaska2026Passed Legislature

SB267

Public School Financial Data Website Act

Last scannedSep 22, 2026, 12:32 AM

In one sentence

This law creates a public website to show school spending details, changes who reviews school audits, and limits how much unreserved money schools can keep in their operating funds.

What it does

  • Creates an online tool where the Legislative Budget and Audit Committee posts financial data from every school district's annual audit for at least the past 10 years.
  • Requires that all public school districts have their accounts audited by a hired accountant with no personal interest in the district.
  • Gives the power to review audits, order reaudits, and withhold state payments if an audit is not filed on time to the Legislative Budget and Audit Committee instead of the Department of Education.
  • Limits how much unreserved money a school district can keep at the end of the year to no more than 10 percent of its total spending for that fiscal year.
  • Updates the annual report sent by the state education department to include a link to this new financial data website.

Who it affects

  • The Legislative Budget and Audit Committee, which now manages audits and runs the new website.
  • Public school districts in Alaska that must file audits with the committee and follow fund balance limits.
  • School boards responsible for hiring auditors to check district accounts.

Limits and unknowns

  • The text does not list the specific date when this law officially takes effect.
  • The bill excerpt ends before listing all categories for technology costs, so some details are missing from the provided source.

Plain language

Terms to know

Legislative Budget and Audit Committee
A group in the state legislature that reviews government spending and now handles school audits instead of the education department.
Fund balance
The amount of money a school district has left over at the end of its fiscal year after paying all bills.
Certified copy
An official version of an audit report that is verified as true and must be filed with state officials.

Official record

Sources

Source checked
Official bill pageIntroduced textCurrent bill text
Read the official summary

PUBLIC SCHOOL FIN. DATA INTERNET WEBSITE 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.

Official activity

Bill history

  1. (S) <Bill Hearing Canceled> -- MEETING CANCELED --Text
  2. (S) EDUCATION at 03:30 PM BELTZ 105 (TSBldg)Text
  3. (S) REFERRED TO EDUCATION1756
  4. (S) EDC, FIN1756
  5. (S) READ THE FIRST TIME - REFERRALS1756