Title VI, Financial Administration

All bills shall be paid within thirty (30) working days of receipt of goods and services or a vendor's invoice except when the purchasing agency has transmitted a rejection notice to the vendor.

An interest penalty of one percent (1%) of any amount approved and unpaid shall be added to the amount approved for each month or fraction thereof after the thirty (30) working days which followed receipt of the goods or services or vendor's invoice by a purchasing agency.

Cabinet. A purchasing agency shall transmit authorization for payment documentation to the Finance and Administration Cabinet within ten (10) working days of receipt of goods or services or the vendor's invoice by the purchasing agency.

The Finance and Administration Cabinet shall transmit a warrant for payment to the State Treasurer within ten (10) working days of receipt of the authorization for payment documentation from the purchasing agency. When the Finance and Administration Cabinet is the purchasing agen…

The State Treasurer shall transmit to the purchasing agency or vendor a check for payment to a vendor within five (5) working days of receipt of a warrant for payment from the Finance and Administration Cabinet. The purchasing agency shall transmit the check for payment to a vend…

The interest penalty imposed by KRS 45.454 shall be paid from moneys already appropriated to the operating budget of the agency whose violation of KRS 45.455, 45.456 or 45.457 caused the violation of KRS 45.453. No agency shall budget money for the purpose of paying interest pena…

KRS 45.560 to 45.640 shall be known as the Kentucky Equal Employment Opportunity Act of 1978.

As used in KRS 45.570 to 45.640, unless the context requires otherwise: (1) "Contract" means any binding legal relationship between the Commonwealth of Kentucky and a contractor for supplies and services, including construction, or for the use of Commonwealth property, in which t…

The Finance and Administration Cabinet may promulgate administrative regulations in accordance with the provisions of KRS Chapter 13A to carry out the provisions of KRS 45.560 to 45.640.

(1) Except in contracts exempted in accordance with KRS 45.590, all government contracting agencies of the Commonwealth of Kentucky, any county, city, town, school district, water district, hospital district, or other political subdivision of the state shall include in every dire…

Failure to comply with any of the provisions of KRS 45.570 shall constitute a material breach of the contract.

A contractor or subcontractor otherwise subject to the provisions of KRS 45.570 is exempt as to any affirmative action or reporting requirements if: (1) The contract or subcontract awarded is in the amount of five hundred thousand dollars ($500,000) or less, and the amount of the…

(1) Any party not otherwise exempted by KRS 45.590 and intending to submit a bid on any contract covered by the provisions of KRS 45.560 to 45.640 shall within a time frame set by the contracting agency in the bid documents submit to the contracting agency upon being declared the…

(1) For the length of the contract, each contractor shall hire minorities and women from other sources within the drawing area, should the union with which he has collective bargaining agreements be unwilling to supply sufficient minorities or women to satisfy the agreed upon goa…

subcontractor. (1) The Finance and Administration Cabinet may investigate the employment practices of any contractor or subcontractor to determine if any of the provisions of KRS 45.560 to 45.640 have been violated. If any contractor is found by the cabinet to have engaged in an …

Any provision of KRS 45.560 to 45.640 notwithstanding, no contractor shall be required to terminate an existing employee.

Nothing in KRS 45.560 to 45.640 shall require a contractor to hire anyone who fails to demonstrate the minimum skills required to perform a particular job.

(1) As used in KRS 45.760 to 45.810: (a) "Committee" means the Capital Projects and Bond Oversight Committee; (b) "Capital construction item" means: 1. The construction, reconstruction, acquisition, and structural maintenance of buildings; 2. The installation of utility services,…

Construction Program. The provisions of any other law notwithstanding: (1) During any biennium the amount allotted, from all sources, for expenditure on any project in the State Capital Construction Program for that biennium shall not exceed the estimated cost of the project duri…

institutions of higher education, or affiliated corporations enter into certain real property agreements -- General Assembly approval of capital projects using public-private delivery method. (1) Notwithstanding any statutory provisions to the contrary, any state agency as define…

The draft branch budget bills submitted to the General Assembly, and the branch budget bills enacted by the General Assembly, shall comply with the provisions of KRS 45.750 to 45.810. Expressions of general exclusion, including but not limited to, "any act or statute to the contr…

(1) There is created within the capital construction fund the capital construction and equipment purchase contingency account. The account shall consist of moneys appropriated to the account by the General Assembly. (2) Money in the capital construction and equipment purchase con…

There is created within the capital construction fund the capital construction surplus account. This account shall consist of income derived from the investment of moneys appropriated to the capital construction fund, including income derived from the investment of moneys appropr…

(1) The proceeds from the sale of major items of equipment or real property, purchased in whole or in part with capital construction funds, shall be deposited into the general fund unless federal funding restraints require otherwise. (2) The provisions of this section shall not a…

(1) There is created within the capital construction fund the emergency repair, maintenance, and replacement account. The account shall consist of moneys appropriated to the fund by the General Assembly. (2) The Finance and Administration Cabinet may transfer money from the emerg…

(1) There is created within the capital construction fund the "Statewide Deferred Maintenance Fund". The fund shall be used as a supplemental source for funding deferred maintenance and government mandate needs of state agencies. Maintenance includes equipment used primarily for …

-- Vote required to act. (Effective until January 1, 2027) (1) There is created a permanent subcommittee of the Legislative Research Commission to be known as the Capital Projects and Bond Oversight Committee. The subcommittee shall be composed of eight (8) members appointed as f…

and Bond Oversight Committee. The Finance and Administration Cabinet and any institution that manages its own capital construction under KRS 164A.580 shall provide to the committee at its January, April, July, and October regular meetings a status report of any capital project, e…

Infrastructure Authority. The Kentucky Public Transportation Infrastructure Authority created pursuant to KRS 175B.015 shall provide to the committee at its January and July regular meetings a status report of any proposed or active project pursuant to KRS 175B.030 or 175B.035. T…

Research Commission to seek injunction. (1) In reviewing a project, the committee shall determine whether the project has met all the relevant requirements of: (a) KRS 45.750 to 45.816; (b) KRS 56.800 to 56.823; and (c) Any other statutes relating to the committee's oversight of:…

sources. (1) Except as otherwise provided in KRS 45.770(2)(b), prior to transferring funds from any source to the allotment account of a capital construction project or major item of equipment, the relevant entity head, or his designee, shall present to the Capital Projects and B…

(1) Any state agency authorized to issue bonds shall, prior to the issuance of any bonds, submit the proposed bond issue to the Capital Projects and Bond Oversight Committee, at least fourteen (14) days prior to the committee meeting, for review and recommendation. The Turnpike A…

bonds, or notes authorized by appropriation of General Assembly or by or on behalf of any Kentucky school district. (1) (a) Prior to the issuance of the general obligation bonds, revenue bonds, or notes authorized by an appropriation of the General Assembly, or by or on behalf of…

authorized by branch budget bill. Prior to the issuance of the revenue bonds or notes authorized by a branch budget bill, the agency authorized to issue the bonds or notes shall furnish to the Capital Projects and Bond Oversight Committee and the Interim Joint Committee on Approp…

Prior to the issuance of the revenue bonds or notes, the agency authorized to issue the bonds or notes shall furnish to the Capital Projects and Bond Oversight Committee and the Interim Joint Committee on Appropriations and Revenue, and make available to the public, a listing of …

The executive director of the Commonwealth Office of Technology shall provide to the Capital Projects and Bond Oversight Committee at its January, April, July, and October regular meetings a status report on any information technology system not yet completed which received line …

monitoring of nuclear waste disposal site. (1) Appropriations for the capital construction and for the operating budget of a nuclear waste disposal site owned by the Commonwealth shall be set forth as a major program cost in the executive budget document for the Energy and Enviro…

(1) Any officer, agent, or employee of any budget unit who willfully fails or refuses to comply with any of the provisions of KRS 45.011 to 45.031, 45.121, 45.142, 45.151, 45.242, 45.244, 45.251, 45.253, 45.305, or 45.313, or who expends any money in violation of any of the provi…

Any officer, agent, or employee of the Finance and Administration Cabinet who willfully fails or refuses to comply with any of the provisions of KRS 45.131 is subject to indictment in the Franklin Circuit Court and, upon conviction shall be fined not less than fifty dollars ($50)…