Kentucky Statutes 56.530 – Abandonment of incompleted building projects — Settlement with architects, engineers, and contractors
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The commission may abandon, or cause to be abandoned, the construction of any building finally approved by it and may change the purposes for which such building is being constructed or for which contracts have been entered into or were commenced by the state or any state agency. Likewise the cabinet may abandon, or cause to be abandoned, the construction of any building finally approved by it and may change the purposes for which such building is being constructed or for which contracts have been entered into or were commenced by the state or any state agency. In either event the cabinet is authorized to make such equitable adjustment or settlement with the architects, engineers and contractors employed in connection with such construction as it may deem just and equitable. If there is an adjustment or settlement with said architects, engineers or contractors, the cabinet is authorized to pay the same, or to approve the payment thereof, from any of the funds set forth in KRS § 56.510.
Effective: July 1, 1956
History: Amended 1956 (1st Extra Sess.) Ky. Acts ch. 7, Art. XVI, sec. 11, effective
July 1, 1956. — Created 1949 (1st Extra. Sess.) Ky. Acts ch. 11, sec. 10.
Effective: July 1, 1956
Terms Used In Kentucky Statutes 56.530
- Building: includes any structure or improvement upon real estate of a permanent nature and additionally includes any sites, structures, equipment, machinery, or devices for the purpose of establishing, developing, or furthering television or related services in aid of education or in aid of any other proper public functions, whether or not the same would otherwise be legally defined as buildings. See Kentucky Statutes 56.440
- Cabinet: means the Finance and Administration Cabinet. See Kentucky Statutes 56.440
- Commission: means the State Property and Buildings Commission. See Kentucky Statutes 56.440
- 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
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- State agency: means any state administrative body, agency, department, or division as defined in KRS §. See Kentucky Statutes 56.440
History: Amended 1956 (1st Extra Sess.) Ky. Acts ch. 7, Art. XVI, sec. 11, effective
July 1, 1956. — Created 1949 (1st Extra. Sess.) Ky. Acts ch. 11, sec. 10.