The boards of regents of the respective state universities and the Kentucky Community and Technical College System and the board of trustees of the University of Kentucky may issue, under the provisions of KRS § 162.340 to KRS § 162.380, consolidated educational building revenue bonds or housing bonds, provided that prior to seeking the final approval required by KRS § 56.491, the board of the state university or the Kentucky Community and Technical College System shall submit to the commission, through the cabinet, a request for approval of the project before any financial commitment of any sort may be made in connection therewith, including employment of architects, engineers, fiscal agents, or attorneys. The request shall include a general description of the project and its need, use, location, approximate size, and such other information as the cabinet may require. After approval by the commission, the cabinet shall appoint fiscal agents, bond counsel, and architects and engineers as may be required to make plans and specifications or financial arrangements for the project.
Effective: May 30, 1997

Terms Used In Kentucky Statutes 56.495

  • Building: includes any structure or improvement upon real estate of a permanent nature and additionally includes any sites, structures, equipment, machinery, or devices for the purpose of establishing, developing, or furthering television or related services in aid of education or in aid of any other proper public functions, whether or not the same would otherwise be legally defined as buildings. See Kentucky Statutes 56.440
  • Cabinet: means the Finance and Administration Cabinet. See Kentucky Statutes 56.440
  • Commission: means the State Property and Buildings Commission. See Kentucky Statutes 56.440
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

History: Amended 1997 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 36, effective May 30,
1997. — Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 286, effective
July 13, 1990. — Created 1964 Ky. Acts ch. 7, sec. 5.

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