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SB 5524

Relating to the financial administration of specified boards; and declaring an emergency.

2025 Regular Session

SB 5524 tightens financial rules for specified state boards, clarifies fee authority and fund transfers, and takes immediate effect via emergency clause.

Effective date, June 24, 2025.
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Bill Summary · SB 5524

Summary — SB 5524 (2025)

Relating to the financial administration of specified boards; and declaring an emergency.

Overview / Purpose

SB 5524 is a 2025 enacted bill that changes how certain state boards administer their financial affairs and includes an emergency declaration so the act takes effect immediately. The bill’s short title indicates its focus is on the “financial administration of specified boards,” but the published summary and the bill text were not provided here. The enacted law is Chapter 427, 2025 Laws.

Status and Effective Date

  • Introduced: January 13, 2025
  • Enrolled and signed by legislative leaders and Governor: June 24, 2025
  • Chaptered: Chapter 427, 2025 Laws (signed July 2, 2025 for chaptering)
  • Effective date: June 24, 2025 (emergency clause — immediate effect)

Key procedural history

  • Assigned to Subcommittee on Education and referred to Ways and Means (Jan 2025)
  • Multiple public hearings and work sessions in February–May 2025 (one hearing cancelled Feb 13)
  • Committee recommended “Do pass with amendments” (A-Eng) on May 28, 2025
  • Passed both legislative chambers in June 2025 after rules suspensions and consecutive readings
  • Enrolled and signed by President, Speaker, and Governor mid–late June 2025

What the bill does (general description)

The bill’s title indicates it modifies state law governing the financial administration (budgeting, accounting, investments, fee management, fund transfers, reporting, or similar financial controls) of one or more specified state boards. Because the bill text is not included here, the summary cannot list precise statutory changes, affected code sections, or dollar amounts. Typical types of changes such bills make include:
- Clarifying boards’ authority to set, collect, and use fees and assessments
- Changing how board funds are held (e.g., agency accounts vs. state treasury) or invested
- Revising reporting, audit, or budgeting requirements for boards
- Allowing or restricting transfers between accounts or requiring legislative approval for certain expenditures
- Adjusting timelines or procedures for financial reporting and oversight

The included emergency clause means the changes were intended to take effect immediately upon signing, rather than the usual later effective date for most statutes.

Who is affected

  • The “specified boards” named in the bill (not listed in the materials provided) — these boards, their staff, and governing members
  • State fiscal managers (e.g., Department of Administrative Services, Office of Financial Management), auditors, and the legislature’s budget committees
  • Regulated constituencies and licensees who pay fees administered by the affected boards (if fee structures are changed)
  • Potentially the State Treasury and other state funds if fund custody or transfers are altered

Fiscal and operational impact (general considerations)

  • Immediate operational changes may be required because of the emergency effective date (changes could affect current fiscal year practices)
  • Potential revenue increases or decreases for affected boards if fee authority or fee retention rules change
  • Administrative costs for implementing new reporting, accounting, or internal control requirements

Recommended next steps / where to find details

To understand the specific statutory changes, affected boards, and precise fiscal impacts:
- Review the enrolled bill text or Chapter 427, 2025 Laws on the state legislature’s website or in the official session laws.
- Check bill analyses and fiscal notes prepared by the Legislature (Ways and Means committee and fiscal staff) for budgetary impact.
- Consult the printed A-Eng amendment text (adopted in committee) for substantive modifications made during the process.

If you want, I can retrieve and summarize the enrolled bill text or the chaptered law (Chapter 427) to provide specific provisions, affected statutes, and estimated fiscal impacts.

Compiled from official sources — confirm details with the bill’s official record.

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