The department may enter into contracts approved by the State Property and Buildings Commission with any person or persons upon a self-liquidating basis respecting the acquisition and purchase of any equipment, tools, supplies, and materials, so that it may be paid for over a period of not exceeding five (5) years. The aggregate amount of the purchases or acquisitions shall not exceed two hundred and fifty thousand dollars ($250,000) unless specifically approved by the Governor and the amounts shall be payable solely out of the revenues derived from the activities authorized by KRS § 197.200 to KRS § 197.250. Nothing in this section shall be so construed or interpreted as to authorize or permit the incurring of a state debt of any kind or nature as contemplated by the Constitution.
Effective: July 14, 1992
History: Amended 1992 Ky. Acts ch. 211, sec. 62, effective July 14, 1992. — Amended
1982 Ky. Acts ch. 344, sec. 34, effective July 15, 1982. — Amended 1974 Ky. Acts ch. 74, Art. V, sec. 24(14). — Created 1954 Ky. Acts ch. 46, sec. 6.