HB 491

Bill Subjects

Actuarial Analysis Capital Construction Education, Finance Education, Higher Peace Officers And Law Enforcement Personnel And Employment Police, City And County Police, State Public Protection Public Records And Reports Public Safety Retirement And Pensions Universities And Colleges

Abstract

Amend KRS 45.750 to redefine "equipment" to include electronic equipment that incorporates advanced computing, including smart medical, scientific, and research equipment; increase the threshold required for a lease of real property to qualify as a capital project from $200,000 annually to $500,000 annually; increase the threshold required for equipment to qualify as a capital project from $200,000 to $500,000; increase the threshold required for a lease of movable equipment to qualify as a capital project from $200,000 annually to $500,000 annually; increase the threshold for a new acquisition, upgrade, or replacement of an information technology system to qualify as a capital project from $1,000,000 to $5,000,000; amend KRS 164A.585 to permit employees of an institution or inviduals hired specifically for that project to perform work on capital construction projects costing up to $500,000; remove the requirement for a specific invoice form if a personal service contract invoice contains the information required by that form; amand KRS 45A.695 to make a technical correction; amend KRS 164.330 to remove the requirement that a public postsecondary board of regents meet within 30 days of each appointment of new members; amend KRS 61.661 to require the Kentucky Public Pensions Authority to release account information to the employer or other state or federal agency upon request; amend KRS 61.880 to establish a 60-day timeframe to appeal an agency's denial of a request to inspect a public record; amend KRS 164.952 to remove the limitations on the number of retired police officers a public postsecondary education institution may employ without paying into the retirement system.