Kentucky Statutes 164.367 – Governing board may permit its employees to have an interest in a contract between the institution and a business — Regulations to be forwarded to the Legislative Research Commission
Current as of: 2024 | Check for updates
|
Other versions
(1) For the purposes of this section, “business” has the same meaning as defined in
KRS 11A.010.
(2) The governing board of each public postsecondary education institution may adopt regulations establishing the conditions under which and the procedures whereby the board may approve a specific instance of an employee having an interest in a contract between the institution and a business.
(3) Each governing board shall forward, as soon as is practicable, a copy of the regulations it adopts under provisions of this section to the Legislative Research Commission. A board shall also forward any subsequent changes to the regulations to the Commission.
Effective: June 26, 2007
History: Created 2007 Ky. Acts ch. 113, sec. 1, effective June 26, 2007.
KRS 11A.010.
Terms Used In Kentucky Statutes 164.367
- Contract: A legal written agreement that becomes binding when signed.
- governing board: means the board of trustees for the University of Kentucky or the University of Louisville, the board of regents for a comprehensive university, or the board of regents for the Kentucky Community and Technical College System. See Kentucky Statutes 164.001
- Institution: means a university, college, community college, health technology center, vocational-technical school, technical institute, technical college, technology center, or the Kentucky Community and Technical College System. See Kentucky Statutes 164.001
- Public: means operated with state support. See Kentucky Statutes 164.001
(2) The governing board of each public postsecondary education institution may adopt regulations establishing the conditions under which and the procedures whereby the board may approve a specific instance of an employee having an interest in a contract between the institution and a business.
(3) Each governing board shall forward, as soon as is practicable, a copy of the regulations it adopts under provisions of this section to the Legislative Research Commission. A board shall also forward any subsequent changes to the regulations to the Commission.
Effective: June 26, 2007
History: Created 2007 Ky. Acts ch. 113, sec. 1, effective June 26, 2007.