{"data":{"id":"us-ky/krs-262.763","jurisdiction":"us-ky","citation":"KRS 262.763","heading":"Audit of accounts -- Report of accountant -- Compliance with KRS","body":"65A.010 to 65A.090 -- Exception.\n(1) Notwithstanding KRS 65A.030, an audit of the accounts of each watershed\nconservancy district shall take place once every four (4) years unle ss the watershed\nconservancy district receives or expends one million dollars ($1,000,000) or more\nin any year, in which case the watershed conservancy district shall provide for the\nperformance of an annual audit. The audit shall be conducted in accordanc e with\naudit standards and requirements stipulated in KRS 65.065(5). The board of\ndirectors of each watershed conservancy district shall select to make the audit\ncertified public accountants who have no personal interest in the financial affairs of\nthe board of directors or in any of its officers or employees.\n(2) Immediately upon completion of each audit, the accountant shall prepare a report of\nhis or her findings and recommendations. This report shall be to the board of\ndirectors and in such number of co pies as specified by the board of directors. The\nactual expense of any audit authorized under this section shall be borne by the\nwatershed conservancy district.\n(3) The board of directors shall comply with the provisions of KRS 65A.010 to\n65A.090, except t hat KRS 65A.030 shall not apply to watershed conservancy\ndistricts.","path":["KRS Chapter 262"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=56489","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:53:11Z","sha256":"87b5c062f14228beab81469e15415a3ed87e5c3c9ed6ad8d8b01467377856b15","source_id":"us-ky","stale":false,"prev":"us-ky/krs-262.760","next":"us-ky/krs-262.765"},"notice":"GroundRules: Original legal text. Not legal advice."}