Kentucky Statutes 56.8173 – Firm not to be considered when committee member or family member employed by or has interest in that firm
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(1) A selection committee shall not consider a firm for a built-to-suit lease when a member of the committee, his spouse, either of his parents, or any of his children is employed by that firm, or has a financial interest in that firm.
(2) For a period of one (1) year after a person ends his service on a selection committee, the Commonwealth shall not consider a firm for a built-to-suit lease when the person, his spouse, either of his parents, or any of his children is employed by that firm or has a financial interest in that firm.
Effective: July 14, 1992
History: Created 1992 Ky. Acts ch. 54, sec. 7, effective July 14, 1992.
(2) For a period of one (1) year after a person ends his service on a selection committee, the Commonwealth shall not consider a firm for a built-to-suit lease when the person, his spouse, either of his parents, or any of his children is employed by that firm or has a financial interest in that firm.
Terms Used In Kentucky Statutes 56.8173
- 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
- Year: means calendar year. See Kentucky Statutes 446.010
Effective: July 14, 1992
History: Created 1992 Ky. Acts ch. 54, sec. 7, effective July 14, 1992.