The Kentucky Board of Education, upon requisition to the Finance and Administration Cabinet, may secure price contract agreements for the purchase of supplies and equipment by district boards of education. The board by regulation shall specify the particular types of supplies and equipment for which contracts shall be secured and may revise such lists from time to time. The board, in consultation with the Finance and Administration Cabinet, shall fix standards of quality and quantity and shall develop standard specifications for supplies and equipment. The Finance and Administration Cabinet shall enter into price contract agreements under the law relating to state purchasing. Such contracts shall establish sources of supply, maximum prices to be paid, and shall set forth the length of time for which such contracts shall be valid, not to exceed one (1) year.
Effective: July 15, 1996

Terms Used In Kentucky Statutes 156.074

  • Contract: A legal written agreement that becomes binding when signed.
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
  • Year: means calendar year. See Kentucky Statutes 446.010

History: Amended 1996 Ky. Acts ch. 362, sec. 6, effective July 15, 1996. — Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 365, effective July 13, 1990. — Amended 1978 Ky. Acts ch. 155, sec. 82, effective July 17, 1978. — Amended 1974
Ky. Acts ch. 74, Art. II, sec. 9(1). — Amended 1966 Ky. Acts ch. 255, sec. 148. — Created 1962 Ky. Acts ch. 244, Art. II, sec. 6.

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