Under current law, it is a misdemeanor for the board secretary to disclose bid amounts before depositaries are selected. The act changes this provision to prohibit disclosure before bids are opened at public meeting. Bids shall be read out loud and documented as they are opened. After clarification of bids, they will be entered on the school board records. Depositary statements shall be provided no later than the fifth day of the month.
Current law requires such statements by the first of the month.
The act contains penalty provisions.