Kentucky Statutes 56.8161 – Determination that agency is entitled to use built-to-suit to acquire space — Definitions
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If the secretary of the Finance and Administration Cabinet determines that an agency is entitled to additional space and that built-to-suit on private property or built-to-suit on state-owned land is the most economically advantageous method for acquiring that space, the secretary shall set forth his determination in a written finding which shall be approved by the Governor. The following definitions shall apply to built-to-suit projects:
(1) “Design-build-finance” means a built-to-suit project delivery method in which the chief purchasing officer enters into a single procurement and contract award for design, construction, and financing of a capital project over a contractually defined period; and in which the ownership and title of the capital project shall be conveyed at any time to the Commonwealth of Kentucky.
(2) “Design-build-finance-operate” means a built-to-suit project delivery method in which the chief purchasing officer enters into a single procurement and contract award for design, construction, financing, and operation of a capital project over a contractually defined period; and in which the ownership and title of the capital project shall be conveyed at any time to the Commonwealth of Kentucky.
Effective: June 24, 2003
History: Amended 2003 Ky. Acts ch. 98, sec. 14, effective June 24, 2003. — Created
1992 Ky. Acts ch. 54, sec. 1, effective July 14, 1992.
(1) “Design-build-finance” means a built-to-suit project delivery method in which the chief purchasing officer enters into a single procurement and contract award for design, construction, and financing of a capital project over a contractually defined period; and in which the ownership and title of the capital project shall be conveyed at any time to the Commonwealth of Kentucky.
Terms Used In Kentucky Statutes 56.8161
- Cabinet: means the Finance and Administration Cabinet. See Kentucky Statutes 56.440
- Contract: A legal written agreement that becomes binding when signed.
- written: shall mean letters, words, or numbers, or their equivalent, set down by handwriting, typewriting, printing, photostating, photographing, magnetic impulse, mechanical or electronic recording, or other form of data compilation. See Kentucky Statutes 56.440
(2) “Design-build-finance-operate” means a built-to-suit project delivery method in which the chief purchasing officer enters into a single procurement and contract award for design, construction, financing, and operation of a capital project over a contractually defined period; and in which the ownership and title of the capital project shall be conveyed at any time to the Commonwealth of Kentucky.
Effective: June 24, 2003
History: Amended 2003 Ky. Acts ch. 98, sec. 14, effective June 24, 2003. — Created
1992 Ky. Acts ch. 54, sec. 1, effective July 14, 1992.