56.495 Kentucky university and college projects. - Kentucky Statutes

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56.495 Kentucky university and college projects. The boards of regents of the respective state universities and the Kentucky Community
and Technical College System and the board of trustees of the University of Kentucky
may issue, under the provisions of KRS 162.340 to 162.380, consolidated educational
building revenue bonds or housing bonds, provided that prior to seeking the final
approval required by KRS 56.491, the board of the state university or the Kentucky
Community and Technical College System shall submit to the commission, through the
cabinet, a request for approval of the project before any financial commitment of any sort
may be made in connection therewith, including employment of architects, engineers,
fiscal agents, or attorneys. The request shall include a general description of the project
and its need, use, location, approximate size, and such other information as the cabinet
may require. After approval by the commission, the cabinet shall appoint fiscal agents,
bond counsel, and architects and engineers as may be required to make plans and
specifications or financial arrangements for the project. Effective: May 30, 1997
History: Amended 1997 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 36, effective May 30, 1997. -- Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 286, effective
July 13, 1990. -- Created 1964 Ky. Acts ch. 7, sec. 5.