Summary of Original VersionAmend KRS 45A.030 to expand the definition of "contract"; amend KRS 45A.035 to require promulgation of administrative regulations to establish policies regarding timely payments under contracts; create a new section of KRS Chapter 45A to establish timely payment penalty and procedures; require the Finance and Administration Cabinet to submit a detailed report of interest penalties and reimbursement payments every six months due to payments not timely made to the Legislative Research Commission; EMERGENCY.
Summary of Amendment: Senate Committee Substitute 1Summary
Retain original provisions, except require the Finance and Administration Cabinet to promulgate administrative regulations governing partial payment of contracts; provide that all undisputed amounts shall be paid within 30 business days of receipt of the goods, services, invoice, or in accordance with the terms of the contract; provide interest penalties for undisputed amounts that are not paid timely; require any invoices that are submitted by a contractor or vendor outside of the 10 calendar days correction period to be considered a new invoice for the purpose of calculation of the late payment fee pursuant to KRS 45.454; redirect $10,000,000 to the Grayson County Fiscal Court; amend 2024 Ky. Acts ch. 175 to require assistance to nonpublic schools in funding salaries for school resource officers; amend 2024 Ky. Acts ch. 173; allow the secretary of the Finance and Administration Cabinet to request up to $20,000,000 in Capitol projects fundings for the capitol campus renovation phase 2 project; APPROPRIATION; EMERGENCY.
Summary of Amendment: Senate Committee Amendment 1 -- C. McDanielSummary
Make title amendment.
Summary of Amendment: Conference Committee Report 1Summary
Cannot agree.
Summary of Amendment: Free Conference Committee Report 1Summary
Amend 2024 Ky. Acts ch. 173, sec. 1, subsec. (179); amend 2024 Ky. Acts ch. 175, Part *, Operating Budget, C. Department of Education, 3. Learning and Results Services, (16) School Resource Officers; repeal Section 21 of 2025 RS HB 695/VO; amend 2024 RS HJR 32/EN; amend sections 1 and 2 of 2025 RS HJR 46/VO; amend KRS 141.383 to allow any unused balance to be made available for all approved companies on the first day of April 2025, and on April of each calendar year thereafter; amend the title; EMERGENCY.
Statutes affected: Introduced: 45A.030, 45A.035
Senate Committee Substitute 1: 45A.030, 45A.035
Free Conference Committee Report 1: 141.383
Current: 45A.030, 45A.035