25RS HB 622

Actions

Last Action	02/18/25: to Committee on Committees (H)
Title	AN ACT relating to government contracts and declaring an emergency.
Bill Documents	Introduced
Bill Request Number	839
Sponsors	S. McPherson, J. Petrie, B. Chester-Burton, A. Donworth, A. Gentry, V. Grossl, D. Hale, S. Heavrin, K. King, N. Kulkarni, R. Roarx, S. Stalker
Summary of Original Version	Amend 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.
Index Headings of Original Version	Effective Dates, Emergency - Government contracts, timely payments, procedures, penalties Purchasing - Government contracts, timely payments, procedures, penalties State Agencies - Finance and Administration Cabinet, procurement, contract, timely payment, procedures, penalties Administrative Regulations and Proceedings - Finance and Administration Cabinet, contracts, timely payment, procedures, establish Contracts - Government contracts, timely payments, procedures, penalties Reports Mandated - Finance and Administration Cabinet, interest, penalties, and reimbursements, contracts