KRS 157.632: Department to require audit.

It shall be the duty of the department, upon written request of the commission:

(1) To cause the certified public accountant auditing the district to audit the financial

records relating to any identified and described bond issue of the commission, as an

incident to the certified public accountant's next ensuing annual audit of such board

of education, and each subsequent annual audit; and to provide a statement or report

to the commission.

(2) Upon receiving a notification and request from the commission to ascertain whether

the lease of the board of education has been renewed and is in force in accordance

with its terms, and if the same is ascertained to be in force; to withhold from the

board of education a sufficient portion of any undisbursed funds then held or set

aside or allocated by the department for the board of education, and to comply with

the terms of the notification and request of the commission for the account of said

board of education.