Conservator annual accounting reports; Office of the Executive Secretary of Va. to review, report.

Plain English Breakdown

The official source material does not provide specific details on the criteria or extent of the review process beyond mentioning timeliness and accuracy, nor does it specify consequences if issues are found in the reports.

Reviewing Conservator Reports

This law requires the Executive Secretary of Virginia's Supreme Court to work with other groups to hire someone who will check some yearly reports from people called conservators.

What This Bill Does

• Requires the Office of the Executive Secretary of Virginia to team up with two committees to find a third party to review certain annual accounting reports made by conservators.
• A report on what was found in the review must be given to local judges and accountants by December 1, 2026.
• The report will help make better rules for commissioners of accounts and training for new conservators.

Who It Names or Affects

• The Office of the Executive Secretary of Virginia
• Standing Committee on Commissioners of Accounts of the Judicial Council of Virginia
• Conference of Commissioners of Accounts
• Conservators who file annual reports

Terms To Know

Conservator

A person appointed by a court to manage the financial affairs of someone who cannot do it themselves.

Commissioner of Accounts

An official who reviews and approves accounts submitted by conservators or guardians.

Limits and Unknowns

• The bill does not specify how many reports will be reviewed.
• It is unclear what the consequences are if the review finds issues with the reports.

Official Summary Text

Office of the Executive Secretary of Virginia; collaboration to review certain conservator annual accounting reports; report.
Directs the Office of the Executive Secretary of Virginia to collaborate with the Standing Committee on Commissioners of Accounts of the Judicial Council of Virginia and the Conference of Commissioners of Accounts to contract with a third party to review a subset of conservator annual accounting reports.

The bill provides that a report of the findings of the review shall be submitted to the chief circuit court judge and commissioner of accounts in each locality included in such review by December 1, 2026. The bill provides that such report shall be used to inform the development and refinement of guidance for commissioners of accounts and training for newly appointed conservators.

Current Bill Text

A BILL to direct the Executive Secretary of the Supreme Court of Virginia to collaborate with the Standing Committee on Commissioners of Accounts of the Judicial Council of Virginia and the Conference of Commissioners of Accounts to contract with a third party to review a subset of conservator annual accounting reports; report.

Be it enacted by the General Assembly of Virginia:

1.
§ 1.
That the
Office of the Executive Secretary of the Supreme Court of Virginia shall collaborate with the Standing Committee on Commissioners of Accounts of the Judicial Council of Virginia and the Conference of Commissioners of Accounts to contract with a third party to review a subset of conservator annual accounting reports.

The review should shall include (i) an assessment of the timeliness of submission and review of such reports; (ii) confirmation that information provided by conservators is accurate and complete; (iii) an assessment of the accuracy and thoroughness of the review performed by commissioners of accounts; (iv)
an evaluation of
how commissioners
of accounts
are reviewing conservator compensation
; and (v) an examination of the fee structure and submission process for annual filers who are conservators for individuals with a permanent disability.

A
report
with
the findings of the review
shall be submitted
to
the chief circuit court judge and commissioner of accounts in each locality included in the review
by December 1, 2026. The report shall
be used to
inform the development and refinement of guidance for commissioners of accounts and training
for newly appointed conservators
.