Title VI, Financial Administration

All unencumbered fund balances in each county's account established under KRS 42.300, and all unencumbered fund balances in each county's account established under KRS 42.330, and all unencumbered fund balances in each county's account established under KRS 177.970, shall be tran…

(1) If a qualifying local government unit reduces its general tax effort for any fiscal year, below the level of fiscal year 1991-92, that governmental unit shall forfeit funds that would otherwise be available under the provisions of KRS 42.450 to 42.495 on a dollar-for-dollar b…

(1) There shall be a State Investment Commission composed of: (a) The State Treasurer who shall be chairman; (b) The secretary of the Finance and Administration Cabinet; (c) The state controller; and (d) Two (2) persons appointed by the Governor. (2) The individuals appointed by …

Subject to the limitations of KRS Chapters 41 and 42 the State Investment Commission is authorized to make purchases, sales, exchanges, investments, and reinvestments, of any of the securities and investments in which any of the state funds shall have been invested, as well as th…

(1) The State Investment Commission shall assign public funds to public depositories by priority based on evidence that the public depository serves the convenience and economic development needs of the communities in which they are chartered to do business. The convenience and n…

(1) The State Investment Commission shall promulgate administrative regulations for the investment and reinvestment of state funds and the acquisition, retention, management, and disposition of investments. (2) The regulations shall specify: (a) The long and short term goals of a…

The State Investment Commission shall render quarterly written reports concerning the performance of each investment to the Legislative Research Commission. The reports may contain recommendations of the commission for legislative or other action to effectuate the purposes and po…

Each agency holding funds listed in this section shall make a report according to generally accepted accounting principles of all money received and disbursed by the listed funds during each fiscal year, on or before the fifteenth of July, showing the receipts, expenditures, depo…

organization. Notwithstanding KRS 41.290, every nonprofit fiduciary holding funds for the benefit of any form of state organization, including, but not limited to, Eastern Kentucky University, Kentucky State University, Morehead State University, Murray State University, Northern…

Each agency authorized to issue bonds listed in this section shall make a report according to generally accepted accounting principles of all money received and disbursed during each fiscal year, on or before the fifteenth of July, showing the receipts, expenditures, trustees, de…

The Department of Education shall make a report according to generally accepted accounting principles of all money received and disbursed from the common school fund and the Support Education Excellence in Kentucky (SEEK) Program to local school districts showing their receipts, …

Bank of Kentucky. (1) For the purposes of Section 185 of the Constitution of Kentucky, the State Investment Commission shall constitute the Sinking Fund Commission. (2) The State Investment Commission may sell the stock in the Bank of Kentucky referred to in Sections 184 and 185 …

(1) There is established in the Treasury of the Commonwealth a trust fund to be known as the "Energy Assistance Trust Fund" referred to in KRS 42.560 to 42.572 as the "trust fund." (2) The trust fund shall consist of any oil overcharge refunds which become available to the state …

The funds appropriated by the General Assembly from the energy assistance trust fund shall be expended in a manner consistent with the judgments and settlements, as amended, which produced the oil overcharge refunds, as follows: (1) The sum of five hundred thousand dollars ($500,…

The State Office of Financial Management shall prepare and submit to the Legislative Research Commission a report by July 30 of each year on the operational and financial status of the fund.

As used in KRS 42.580 to 42.588: (1) "Cabinet" means the Finance and Administration Cabinet; (2) "Demand-side management" has the same meaning as in KRS 278.010; (3) "Energy audit" has the same meaning as in KRS 56.770; (4) "Energy-efficient heating, cooling, ventilation, or hot …

(1) There is established in the cabinet the Kentucky Bluegrass Turns Green Program for the purposes of: (a) Concentrating on energy demand-side management in private and public sector buildings; (b) Generating savings to taxpayers and the Commonwealth; (c) Allowing for continued …

Payback period -- Administrative regulations. (1) (a) The bluegrass turns green public sector grant fund is created as a trust and agency fund. The fund shall be administered by the cabinet and shall consist of: 1. Proceeds from grants, contributions, appropriations, or other mon…

Payback period -- Interest rate -- Administrative regulations. (1) (a) The bluegrass turns green private sector loan fund is created as a separate revolving fund. The fund shall be administered by the cabinet and shall consist of: 1. Proceeds from grants, contributions, appropria…

Commission. (1) The cabinet shall, by administrative regulations promulgated in accordance with KRS Chapter 13A: (a) Develop a method to score applications for the bluegrass turns green private sector loan fund established in KRS 42.586 and the bluegrass turns green public sector…

The Court of Justice shall make a report according to generally accepted accounting principles of all money received and disbursed pursuant to fines, court costs, or fees established by enactment of the General Assembly, showing the receipts, expenditures, depositories, rates of …

The Court of Justice shall make a report according to generally accepted accounting principles of all money received and disbursed pursuant to any action based on a cause of action established by enactment of the General Assembly, showing the receipts, expenditures, depositories,…

The Legislative Research Commission shall, by regulations promulgated pursuant to KRS Chapter 13A, require reports by the Court of Justice, under KRS 42.600 and 42.605, to be substantially similar in form to the reports made to the State Investment Commission under KRS 42.535 to …

Each retirement fund listed in this section shall make a report according to generally accepted accounting principles of all money received and disbursed by the listed fund during each fiscal year on or before the first day of October after the fiscal year, showing receipts, expe…

The General Assembly finds and declares that: (1) Much of the Commonwealth's information is geographically referenced and may be presented through geographic information systems; (2) Geographic information systems allow for the exchange of information between levels of government…

Authority for administrative regulations. (1) The Division of Geographic Information Systems is hereby established in the Office of Architecture and Governance within the Commonwealth Office of Technology in the Finance and Administration Cabinet. (2) The Division of Geographic I…

Administrative regulations. (1) The geographic information clearinghouse maintained by the Division of Geographic Information Systems shall be the sole database of geographic information maintained by state agencies. The Division of Geographic Information Systems shall make the c…

nonreligious artifacts, monuments, symbols, and texts in public buildings and on public property owned by the Commonwealth. The General Assembly hereby finds and declares as follows: (1) The Commonwealth's public buildings and their surrounding grounds provide Kentucky's citizens…

and nonreligious artifacts, monuments, symbols, and texts in public buildings and on public property owned by the Commonwealth. Any agency or instrumentality of state government may display historic artifacts, monuments, symbols, and texts, including but not limited to religious …

The General Assembly finds and declares that: (1) The establishment of the position of the executive director of the Commonwealth Office of Technology, appointed by the secretary of the Finance and Administration Cabinet with the approval of the Governor, as the Commonwealth's si…

As used in KRS 42.720 to 42.742: (1) "Artificial intelligence" means the use of machine learning and related technologies that uses data to train statistical models for the purpose of enabling computer systems to perform tasks normally associated with human intelligence or percep…

(1) There is hereby created within the Finance and Administration Cabinet an agency of state government known as the Commonwealth Office of Technology. (2) The Commonwealth Office of Technology shall be headed by an executive director, also known as the chief information officer,…

Technology -- Duties of Archives and Records Commission and Department for Libraries and Archives not affected -- Annual report concerning security breaches. (1) The Commonwealth Office of Technology shall be the lead organizational entity within the executive branch regarding de…

for judicial and legislative branches and retirement systems. (Effective April 1, 2021) (1) To accomplish the work of the Commonwealth Office of Technology, all organizational units and administrative bodies, as defined in KRS 12.010, and all members of the state postsecondary ed…

duties. (1) The executive director of the Commonwealth Office of Technology shall be the principal adviser to the Governor and the executive cabinet on information technology policy, including policy on the acquisition and management of information technology and resources. (2) T…

Commonwealth Office of Technology regarding artificial intelligence systems - - Establishment of policies and operating standards on use of artificial intelligence by state agencies -- Report -- Administrative regulations. (1) The Commonwealth Office of Technology shall create an…

Members. (1) There is hereby created the Kentucky Information Technology Advisory Council to: (a) Advise the executive director of the Commonwealth Office of Technology on approaches to coordinating information technology solutions among libraries, public schools, local governmen…

The Kentucky Wireless Interoperability Executive Committee is hereby created to address communications interoperability, a homeland security issue which is critical to the ability of public safety first responders to communicate with each other by radio. The committee shall advis…

As used in this section and KRS 42.734 and 42.738, unless the context requires otherwise: (1) "Architecture" means the design principles, physical structure, and functional organization of a land mobile radio system; (2) "Frequency" means for a periodic function, the number of cy…

director -- Duties of Kentucky Wireless Interoperability Executive Committee - - Membership -- Public Safety Working Group. (1) The executive director shall establish and implement a statewide public safety interoperability plan. This plan shall include the development of require…

Conflicts of interest. (1) There is hereby established a Geographic Information Advisory Council, attached to the Commonwealth Office of Technology for administrative purposes, to advise the executive director of the Commonwealth Office of Technology on issues relating to geograp…

(1) The Geographic Information Advisory Council's duties shall include the following: (a) Recommending the development and adoption of policies and procedures related to geographic information and geographic information systems; (b) Providing input and recommendations for the dev…

locations to the Geospatial Data Warehouse -- Exceptions -- Confidentiality. (1) All entities in Kentucky that create or purchase digital ortho-rectified aerial imagery, remotely sensed imagery, LiDAR, digital elevation models, or any other form of nonlicensed raster-based datase…

(1) To the extent funds are made available, the Commonwealth Office of Technology shall establish a statewide planning and mapping system for public buildings in this state for use by response agencies who are called to respond to an act of terrorism or an emergency. (2) The stat…

(1) As used in this section, unless the context otherwise requires: (a) "Blockchain technology" means shared or distributed data structures or digital ledgers used in peer-to-peer networks that: 1. Store digital transactions; 2. Verify and secure transactions cryptographically; a…

As used in this chapter, unless the context requires otherwise: (1) "Auditor" means the Auditor of Public Accounts; (2) "Budget unit" means a department or other unit of organization for which separate appropriations are made from those for any other organization unit; (3) "Deput…

The Auditor of Public Accounts shall have the following organizational structure: (1) The Office of the State Auditor; (2) The Office of the Deputy Auditor, which shall have the following offices: (a) Office of Local Government Audits; (b) Office of State Government Audits and Te…

The Auditor shall keep his or her office at the seat of government.

(1) The Auditor shall appoint for the duration of his or her own term, subject to removal by the Auditor at any time, one (1) deputy auditor, who shall be a certified public accountant and who has been a citizen and resident of the state for at least two (2) years. Except for the…

employees with access to federal tax information -- Administrative regulations. (1) The Auditor shall require a national and state criminal background check for every prospective and current employee, including contract staff, with access to or use of federal tax information and …