Subject to the provisions of KRS § 56.440 to KRS § 56.550, inclusive, the secretary of the Education and Labor Cabinet is authorized and empowered to use all or any part of the funds accumulated under the provisions of KRS § 341.295 for the purpose of acquiring suitable space for either central or district offices of the cabinet by way of purchase, lease, contract, or in any other manner including the right to use said funds or any part thereof to assist in financing the construction of any building erected by the Commonwealth or any of its agencies wherein available space will be provided for the cabinet under lease or contract between the cabinet and the Commonwealth or such other agency whereby said cabinet will continue to occupy such space, rent free, after the cost of financing such building has been liquidated.
Effective:July 1, 2022
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Terms Used In Kentucky Statutes 341.245

  • Cabinet: means the Education and Labor Cabinet. See Kentucky Statutes 341.005
  • Contract: A legal written agreement that becomes binding when signed.
  • 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
  • Secretary: means the secretary of the Education and Labor Cabinet or his or her duly authorized representative. See Kentucky Statutes 341.005

History: Amended 2022 Ky. Acts ch. 236, sec. 136, effective July 1, 2022. — Amended 2009 Ky. Acts ch. 11, sec. 76, effective June 25, 2009. — Amended
2006 Ky. Acts ch. 211, sec. 141, effective July 12, 2006. — Amended 1980 Ky. Acts ch. 188, sec. 269, effective July 15, 1980. — Amended 1974 Ky. Acts ch.
74, Art. VI, sec. 100. — Amended 1952 Ky. Acts ch. 183, sec. 1. — Created 1950
Ky. Acts ch. 206, sec. 1.

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