Kentucky Statutes 371.425 – Application of KRS 371.400 to 371.425
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(1) Except as provided in subsections (3) and (4) of this section, KRS § 371.400 to
371.425 shall apply to public construction and public works projects, and to private construction, excluding residential construction.
(2) KRS § 371.400 to KRS § 371.425 shall apply to construction contracts entered into after
June 26, 2007.
(3) KRS § 371.400 to KRS § 371.425 shall not apply to contracts entered into by a borrower of funds that are provided, insured, or guaranteed by the United States Department of Agriculture’s Rural Utilities Service, or financed under a lien accommodation by the Rural Utilities Service.
(4) KRS § 371.400 to KRS § 371.425 shall not apply to any contract for construction of or relating to any facility as defined in KRS Chapter 278.
Effective: June 26, 2007
History: Created 2007 Ky. Acts ch. 136, sec. 6, effective June 26, 2007.
371.425 shall apply to public construction and public works projects, and to private construction, excluding residential construction.
Terms Used In Kentucky Statutes 371.425
- Contract: A legal written agreement that becomes binding when signed.
- Lien: A claim against real or personal property in satisfaction of a debt.
(2) KRS § 371.400 to KRS § 371.425 shall apply to construction contracts entered into after
June 26, 2007.
(3) KRS § 371.400 to KRS § 371.425 shall not apply to contracts entered into by a borrower of funds that are provided, insured, or guaranteed by the United States Department of Agriculture’s Rural Utilities Service, or financed under a lien accommodation by the Rural Utilities Service.
(4) KRS § 371.400 to KRS § 371.425 shall not apply to any contract for construction of or relating to any facility as defined in KRS Chapter 278.
Effective: June 26, 2007
History: Created 2007 Ky. Acts ch. 136, sec. 6, effective June 26, 2007.