Create new sections of KRS Chapter 431 to define terms; require governmental entities to submit specified data to the Office of the Kentucky Center for Statistics regarding fines and fees assessed beginning July 31, 2027, and annually thereafter; require the Legislative Oversight and Investigations Committee of the General Assembly to prepare a summary of the data collected and submit the summary to the General Assembly beginning January 31, 2028; amend KRS 151B.133 to establish authority for the promulgation of administrative regulations by the Office of the Kentucky Center for Statistics related to the collection of data provided under the Act; create a new section of KRS Chapter 43 to authorize the Auditor of Public Accounts to perform a financial audit of records related to revenues collected through costs, fines, and fees at the request of the Governor or a member of the General Assembly; provide that the Act may be cited as the Costs, Fines, and Fees Reporting Act.