164A.600 Procedures and limitations of KRS 45.750 through 45.800 and KRS Chapter 45A apply -- Projects limited to scope authorized by General Assembly. - Kentucky Statutes

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164A.600 Procedures and limitations of KRS 45.750 through 45.800 and KRS Chapter 45A apply -- Projects limited to scope authorized by General
Assembly. (1) The procedures and limitations related to capital construction and equipment purchases set forth in KRS 45.750 through 45.800 and for construction of capital
projects set forth in KRS Chapter 45A shall apply to the governing boards. The
governing boards shall establish a contingency fund and an emergency repair,
maintenance and replacement fund in their plant fund records. Transfer and use of
these funds shall be governed by the provisions of KRS 45.770 and 45.780, as
appropriate, except that the governing boards of each university shall perform the
functions assigned to the Finance and Administration Cabinet in KRS 45.770 and
45.780. (2) Capital construction and equipment purchase projects established by the governing boards shall be limited to the scope authorized by the General Assembly, and the
total costs of each project shall not exceed the appropriation; except for emergency
projects that may arise. In such instances, the governing boards may transfer funds
from other projects or from operating funds; however each emergency project that is
authorized by the board and sources of funds shall be promptly reported to the
Capital Projects and Bond Oversight Committee. Effective: June 24, 2003
History: Amended 2003 Ky. Acts ch. 98, sec. 20, effective June 24, 2003. -- Created 1982 Ky. Acts ch. 391, sec. 12, effective July 15, 1982.