Next Meeting

The regular monthly committee meeting date is the third Tuesday of the month. Transactions must be submitted to the committee at least fourteen days prior to the committee meeting. The next committee meeting will be on Tuesday, August 27, 2019 at 1:00 p.m. in Room 169 of the Capitol Annex.

Quarterly Capital Projects Status Reports System
KRS 26A.168(1), KRS 45.793, and KRS 45.818 Quarterly Capital Projects Status Reports may be transmitted through this link (access available only to authorized users)
Committee Background

The Capital Construction and Equipment Purchase Oversight Committee was established in the 1979 Extraordinary Session to oversee the commonwealth's capital construction program. In 1988, the General Assembly broadened the scope of the committee's jurisdiction to include oversight of state bond issues and changed the committee's name to the Capital Projects and Bond Oversight Committee. Pursuant to KRS 45.790(1), the committee is composed of eight legislative members, appointed for two-year non-staggered terms. Committee members of each chamber elect a co-chair to serve for the two-year term. Actions taken by the committee require an affirmative vote from at least five members, the majority of the committee's membership.

KRS 45.795(1)(c) references the committee's oversight of the commonwealth's capital construction, debt issuance, and real property leases. Pursuant to KRS 224A.100 and KRS 154.12-100(5), the committee also approves Kentucky Infrastructure Authority (KIA) loans and the Cabinet for Economic Development's economic development fund program grants. In addition to KRS 45.750 to 45.818, KRS 224A.100, and KRS 154.12-100; statutes relating to the committee's oversight include KRS 45A.077, KRS 26A.160 to 26A.168, KRS 164A.550 to 164A.630, and KRS 56.800 to 56.832. The following entities submit transactions for committee approval.

  • The Finance and Administration Cabinet; which manages the executive branch's, with exceptions for postsecondary institutions, capital construction program and leases (KRS 45.750(3)(a) excludes roads from the capital construction statutes)
  • The Administrative Office of the Courts, which manages the judicial branch's capital construction program (debt to finance judicial facilities is issued by local governments and not submitted to the committee)
  • Eastern Kentucky University, Morehead State University, Murray State University, Northern Kentucky University, the University of Kentucky, the University of Louisville, and Western Kentucky University; which manage their own capital construction programs and leases
  • The Kentucky Community and Technical College System and Kentucky State University, which manage their own leases (the Finance and Administration Cabinet manages the Kentucky Community and Technical College System's and Kentucky State University's capital construction programs)
  • The Office of Financial Management; which submits proposed debt issues, including debt issued by postsecondary institutions and school districts with School Facilities Construction Commission debt service participation, KIA loans, and economic development fund program grants, to the committee (KRS 45.810(1) and KRS 56.866(3) are the respective statutes that exempt Turnpike Authority of Kentucky debt and Kentucky Asset/Liability Commission tax and revenue anticipation notes issuance from committee approval)

Pursuant to KRS 45.800(4), if the committee does not approve a proposed action, then the head of the requesting entity must communicate to the committee in writing within 30 days whether he or she will revise the action to comply with the committee's objections, cancel the action, or proceed with the action.

Pursuant to KRS 45.810(4), if the committee does not recommend a proposed bond issue or project for the use of bond proceeds, then the Secretary of the Finance and Administration Cabinet must notify the committee within 30 days whether he or she will revise the project in consideration of the committee's objections, cancel the project or the use of bond proceeds for the project, or proceed with the project.

Pursuant to KRS 26A.162(3), if the committee does not approve a bond term greater than 25 years, or pursuant to KRS 26A.166(3), if the committee does not approve an increased use allowance for a judicial facility project; then the Director of the Administrative Office of the Courts must notify the committee in writing within 30 days whether he or she will revise the proposal to comply with the committee's objections, cancel the proposal, or proceed with the proposal.

Pursuant to KRS 45.795(2), if the committee determines that statutory requirements are not being met, then the committee may request that the Legislative Research Commission seek an injunction to prohibit further action on a proposed transaction.

If you have questions or comments about the Capital Projects and Bond Oversight Committee or this home page, please contact us either by phone or by email here

Capital Projects and Bond Oversight Committee
Room 34, Capitol Annex
702 Capital Avenue
Frankfort, Kentucky 40601
(502) 564-8100 ext. 352