An Act relating to powers and duties of the Legislative Budget and Audit Committee; relating to public school financial information and audits; and establishing a public school financial data Internet website.

SB 267 requires Alaska school districts to file annual financial audits with the Legislative Budget and Audit Committee by November 15 each year, with state funding withheld for noncompliance. It mandates detailed annual reports from school districts including staff-to-student ratios, budget alignment with performance standards, and resources for school improvement. The bill establishes a public website (per AS 24.20.207) for accessing school financial data and audit reports. These provisions directly affect school districts, the Legislative Budget Committee, and the public by increasing transparency in school funding and accountability.