Title VII, Public Property and Public Printing
3 chapters · 182 sections in this title.
KRS § 56.8179 Building and construction code requirements
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A building constructed and leased to the Commonwealth under a built-to-suit lease agreement shall be constructed: (a) In accordance with all applicable state and national safety, building, and construction code requirements; and (b) To last, at a minimum, for a period of thirty (…
KRS § 56.8181 Collusion among lease proposers prohibited
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Any agreement or collusion among lease proposers or prospective lease proposers which restrains, tends to restrain, or is reasonably calculated to restrain competition by agreement to propose a lease with certain terms, or to refrain from proposing a lease with certain terms or o…
KRS § 56.819 Procedure upon change in ownership of leased premises
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(1) When there is a change in ownership in leased premises, the new owner shall furnish the Division of Real Properties, within the Department for Facilities and Support Services, with a copy of the deed or other instrument of conveyance by which the new owner acquired title to t…
KRS § 56.820 Construction on state-owned land under built-to-suit lease agreements -- Leases without conveyance of title -- Buildings located in Fayette County
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Leases without conveyance of title -- Buildings located in Fayette County. (1) This section shall apply when the built-to-suit process involves the construction of a building on state-owned land. (2) Upon the execution of a lease awarded under this section, the Commonwealth shall…
KRS § 56.821 Lease records are public records
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Records relating to leases shall be a matter of public record, except as otherwise provided by law.
KRS § 56.822 Limited judicial review
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Judicial review of the action of the Finance and Administration Cabinet and its secretary and the Department for Facilities Management and its commissioner in the award, or modification, of a lease pursuant to KRS 43.050, 48.111, and 56.800 to 56.823 shall be limited to determini…
KRS § 56.823 Reports on leases, exercise of options to purchase, completion of lease-purchase agreements, and lease modifications to Capital Projects and Bond Oversight Committee
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purchase agreements, and lease modifications to Capital Projects and Bond Oversight Committee. (1) The Finance and Administration Cabinet shall report information on leases and lease modifications awarded pursuant to KRS 43.050, 48.111, and 56.800 to 56.823 to the Capital Project…
KRS § 56.832 Lease by Commonwealth of real property in foreign jurisdiction
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(1) The term "foreign jurisdiction" for the purpose of this section means states other than Kentucky, a territory of the United States, or a foreign country. (2) The Finance and Administration Cabinet shall promulgate administrative regulations relating to the lease of real prope…
KRS § 56.850 Regulations for traffic control and parking on state-owned property -- Enforcement powers
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Enforcement powers. Except as may otherwise be provided by law with respect to the control of real property owned by the state, used by and in the custody of any state agency or institution, the Finance and Administration Cabinet may adopt regulations for the control of vehicular…
KRS § 56.860 Purpose of KRS 56.860 to 56.869
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The purpose of KRS 56.860 to 56.869 is to create an independent commission that will take a comprehensive view of the Commonwealth's finances and develop policies and strategies that will seek to minimize the impact of fluctuating receipts of revenues on the budget of the Commonw…
KRS § 56.8605 Definitions for KRS 56.860 to 56.869
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As used in KRS 56.860 to 56.869: (1) "Authorized project" means: (a) Any project approved by the General Assembly and included in an enacted budget; or (b) Any project approved by the General Assembly that is certified by the secretary of the Finance and Administration Cabinet in…
KRS § 56.861 Kentucky Asset/Liability Commission -- Membership -- Status as public corporation -- Selection of certain advisors -- Issuance of notes
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corporation -- Selection of certain advisors -- Issuance of notes. (1) There is recognized as an independent agency of the state within the meaning of KRS Chapter 12, and as a constituted authority of the Commonwealth of Kentucky, a state and a sovereign entity within the meaning…
KRS § 56.862 Office of Financial Management -- Staffing function for commission
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The Office of Financial Management within the Office of the Controller shall serve as staff to the commission. The executive director of the Office of Financial Management shall serve as secretary to the commission. The commission shall coordinate with the Office of the Controlle…
KRS § 56.863 Powers and duties of the commission
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The commission shall have the power and duty to: (1) Maintain the records and perform the functions necessary and proper to accomplish the purposes of KRS 56.860 to 56.869; (2) Promulgate administrative regulations relating to KRS 56.860 to 56.869; (3) Conduct analysis to determi…
KRS § 56.864 Form of financing for tax and revenue anticipation notes, project notes, and funding notes
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funding notes. Tax and revenue anticipation notes, project notes, and funding notes may be variable-rate or fixed-rate obligations issued in the form of commercial paper, fixed-rate obligations, variable-rate demand obligations, multimodal obligations, commercial bank loans, or o…
KRS § 56.865 Designation of alternates by commission members -- Scope of authority -- Joint certificate concerning designation
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Joint certificate concerning designation. (1) Each member of the commission may designate, by an instrument in writing over the member's signature and filed with the commission as a public record, an alternate with full authority to: (a) Attend, in the absence of the appointing m…
KRS § 56.866 Tax and revenue anticipation notes -- Purpose -- Sale and issuance -- Report to Capital Projects and Bond Oversight Committee
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to Capital Projects and Bond Oversight Committee. (1) As the receipt of revenues and expenditure demands of a particular fund or account of the Commonwealth render it necessary, the commission may issue tax and revenue anticipation notes to discharge expenditure demands in antici…
KRS § 56.867 Project notes -- Sale and issuance -- Purposes -- Approval -- Status of notes with respect to the Commonwealth and its political subdivisions
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with respect to the Commonwealth and its political subdivisions. (1) The commission may issue and sell project notes for authorized projects upon request by the cabinet. Project notes may be sold and issued in a manner and have terms relating to the payment of interest, principal…
KRS § 56.868 Funding notes -- Purposes -- Sale and issuance -- Approval -- Status of notes with respect to the Commonwealth and its political subdivisions
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with respect to the Commonwealth and its political subdivisions. (1) The commission may issue and sell funding notes for the purposes of funding judgments against the Commonwealth or any state agency and financing or refinancing obligations owed under KRS 161.550(2). Funding note…
KRS § 56.869 Tax exemptions for notes issued by the commission -- Negotiability of notes
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Interest on all funding notes, project notes, and tax and revenue anticipation notes issued by the commission shall be exempt from income taxation and the funding notes, project notes, and tax and revenue anticipation notes shall be exempt from ad valorem taxation by the Commonwe…
KRS § 56.870 Approval of General Assembly required for certain state fiscal obligations --Statement for inclusion on bonds and notes and related materials on Commonwealth's involvement
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Statement for inclusion on bonds and notes and related materials on Commonwealth's involvement. (1) Notwithstanding any statutory provisions to the contrary, prior to the issuance and sale of any definitive bonds or temporary bonds, or the securing of any interim financing throug…
KRS § 56.871 Issuance and sale of certain bonds or notes exempt from provisions of KRS 56.870 to 56.874
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56.870 to 56.874. In any case in which the General Assembly has authorized a debt ceiling or a specific appropriation for debt service for a particular agency, authority, board, cabinet, commission, corporation, or other entity of the Commonwealth of Kentucky, the issuance and sa…
KRS § 56.872 Applicability -- Report of secretary of Finance and Administration Cabinet to General Assembly -- Procedure when cost exceeds cost approved by General Assembly
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to General Assembly -- Procedure when cost exceeds cost approved by General Assembly. (1) Notwithstanding the provisions of KRS 56.870(1), KRS 56.870 to 56.874 shall not apply to any financing by the Turnpike Authority of Kentucky until July 1, 1982, and shall not apply to any re…
KRS § 56.873 Rating of proposed revenue bonds required
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Each proposed revenue bond shall be rated by Moody's Investors Service, Inc. or an equivalent bond rating agency. No revenue bond issued may be sold that does not receive a Moody's rating of at least A or the equivalent rating by another qualified bond rating agency.
KRS § 56.874 Contracts with federal government for flood control projects requiring General Assembly approval
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General Assembly approval. Notwithstanding any statutory provision to the contrary, no individual, agency, authority, board, cabinet, commission, corporation, or other entity of, or representing the Commonwealth of Kentucky shall enter into any contract with any instrumentality o…
KRS § 56.990 Penalties
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(1) Any person who violates any of the provisions of KRS 56.250 shall be fined not less than fifty dollars ($50) nor more than five hundred dollars ($500) for each offense. (2) Any person who commits a moving traffic violation of any regulation of the Finance and Administration C…