Summary of Original Version

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.

Statutes affected:
Introduced: 45.750, 164A.585, 45A.695, 164.330, 61.661, 61.880, 164.952