(1) In carrying out the provisions of KRS § 164A.555 to KRS § 164A.630 the governing boards shall be bound by the following statutes:
(a) KRS § 56.610 to KRS § 56.820 regarding relocation assistance and lease of property for state use, and 56.870 to 56.874 regarding legislative approval of state fiscal obligations.

Terms Used In Kentucky Statutes 164A.630

  • Conviction: A judgement of guilt against a criminal defendant.
  • Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

(b) The Kentucky Model Procurement Code as set forth in KRS Chapter 45A.
(c) KRS Chapter 56 as it relates to the approval of revenue bond issues by the State Property and Buildings Commission, and the issuance of revenue bonds and bond anticipation notes.
(d) KRS § 45.550 to KRS § 45.640 regarding equal employment opportunity.
(2) Any other provisions of KRS Chapters 41, 42, 45, 56, 57 to the contrary notwithstanding, KRS § 164A.555 to KRS § 164A.630 shall govern the financial management of higher education with the exception of KRS § 45.990 and KRS § 45A.990 having to do with penalties which shall be applicable to violations of KRS
164A.555 to 164A.630.
(3) Any officer, agent or employee of any institution who willfully fails or refuses to comply with any other provisions of KRS § 164A.555 to KRS § 164A.630 is subject to indictment in the appropriate Circuit Court and upon conviction shall be fined not less than fifty dollars ($50) nor more than one thousand dollars ($1000) for each offense.
Effective: July 15, 1982
History: Created 1982 Ky. Acts ch. 391, sec. 19, effective July 15, 1982.