42.0651 Duties of Office of Policy and Audit -- Assistance from other agencies -- Risk management program. - Kentucky Statutes

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42.0651 Duties of Office of Policy and Audit -- Assistance from other agencies -- Risk management program. (1) The Office of Policy and Audit shall: (a) Oversee and assist the management of the state fire and tornado insurance fund established in KRS Chapter 56; (b) Develop and manage programs of risk assessment and insurance for the protection of state property not covered by the state fire and tornado insurance
fund; (c) Advise the secretary of the Finance and Administration Cabinet on the fiscal management of programs relating to life insurance, workers' compensation,
and health care benefits for state employees; (d) Serve as the central clearinghouse for coordinating and evaluating existing and new risk management programs within all state agencies; (e) Develop financing techniques for risk protection; and
(f) Develop and implement other risk management, insurance, and self-insurance programs or other functions and duties as the secretary of the Finance and
Administration Cabinet may direct the office to undertake and implement
within the general statutory authority and control of the Finance and
Administration Cabinet over state property and fiscal affairs of the executive
branch of state government, including, but not limited to, those areas
pertaining to tort and contractual liability, fidelity, and property risks. (2) Nothing in this section shall be construed or interpreted as affecting the operation of the employee benefit programs generally administered by the Division of Employee
Benefits within the Personnel Cabinet and of the State Risk and Insurance Services
programs administered by the Finance and Administration Cabinet. However, both
of those departments shall coordinate the operation of life insurance, workers'
compensation, health care benefit programs, and other self-insured programs with
the Office of Policy and Audit. (3) All cabinets, departments, boards, commissions, and other state agencies shall provide to the Office of Policy and Audit the technical advice and other assistance
the Office of Policy and Audit or the secretary of the Finance and Administration
Cabinet shall request in the performance of the functions of the office as described
in this section. (4) The secretary of the Finance and Administration Cabinet shall have the power and authority to promulgate administrative regulations pursuant to KRS Chapter 13A
for purposes of implementing a risk management program for the executive branch
of state government. Any administrative regulations promulgated by the secretary
shall be administered by the Office of Policy and Audit. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 32, effective July 15, 2010. -- Repealed, reenacted, and amended 2005 Ky. Acts ch. 85, sec. 14, effective June 20, 2005. --
Amended 2001 Ky. Acts ch. 164, sec. 3, effective June 21, 2001. -- Amended 1998
Ky. Acts ch. 82, sec. 12, effective July 15, 1998; and ch. 154, sec. 62, effective July 15, 1998. -- Renumbered by Reviser of Statutes and amended 1994 Ky. Acts ch. 116,
sec. 3, effective July 15, 1994; and ch. 216, sec. 4, effective July 15, 1994. -- Created
1990 Ky. Acts ch. 377, sec. 1, effective July 13, 1990. Formerly codified as KRS 42.0245.
Formerly codified as KRS 42.0192.
Legislative Research Commission Note (7/15/94). This statute was formerly codified as KRS 42.0192 and was renumbered by the Reviser of Statutes pursuant to KRS
7.136(1)(a) because of changes made by 1994 Ky. Acts ch. 216, sec. 4.