(1) By January 1, 2018, each area development district and any board, committee, or other organization created by an area development district shall:
(a) Comply with the provisions of KRS § 61.870 to KRS § 61.884; (b) Comply with the provisions of KRS § 61.800 to KRS § 61.850;

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Terms Used In Kentucky Statutes 147A.116

  • Attorney: means attorney-at-law. See Kentucky Statutes 446.010
  • Contract: A legal written agreement that becomes binding when signed.
  • Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. Source: U.S. Courts
  • Federal: refers to the United States. See Kentucky Statutes 446.010
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

(c) Comply with state and federal procurement statutes and administrative regulations, as applicable;
(d) Comply with and be subject to the provisions of KRS § 65A.070 by either adopting a code of ethics or abiding by the applicable code of ethics pursuant to KRS § 65A.070;
(e) Adopt policies to address conflicts of interest for employees and board members of the area development districts, which shall include a prohibition on employees and board members having any interest, either direct or indirect, in any contract entered into by the area development district or any agency created by the area development district;
(f) Be subject to the provisions of KRS § 61.101 to KRS § 61.103;
(g) Subject to the provisions of KRS § 147A.070(4), adopt, implement, and maintain a detailed and equitable compensation policy for its employees; and
(h) Establish and maintain an independent process to receive, analyze, investigate and resolve concerns relating to the area development district, including alleged violations of the code of ethics or any of the provisions of this section. The process shall include a monthly reporting requirement to the board members of the area development district of any reported concerns or alleged violations. If the process finds a reasonable likelihood that a violation exists, then that alleged violation shall be reported to the Department for Local Government, the Auditor of Public Accounts, and the Attorney General.
(2) By July 1, 2020, each area development district and any board, committee, or other organization created by an area development district shall provide public access to financial information in compliance with the provisions of KRS
65.312(4).
Effective:June 29, 2017
History: Created 2017 Ky. Acts ch. 33, sec. 3, effective June 29, 2017.