| Last Action | to State & Local Government (S) |
|---|---|
| Title | AN ACT relating to public finance. |
| Bill Documents | Introduced |
| Impact Statements | Local Mandate |
| Bill Request Number | 1401 |
| Sponsor | W. Schroder |
| Summary of Original Version | Amend KRS 58.190 to apply the statute of limitations for challenging an action by a governmental agency adopting a lease to be the same 30-day period for challenging any ordinance or resolution; amend KRS 65.942 to conform; amend KRS 58.040 to allow notices of competitive bond sales to be posted in an electronic bidding system as an alternative advertising method; amend KRS 103.200 to include within the definition of industrial building any use by an entity recognized by the Internal Revenue Service as an organization described in 26 U.S.C. sec. 501(c)(3) in any manner related to or in the furtherance of that entity's exempt purposes; amend KRS 103.2101 to conform notice date and extend the maximum length of any bond authorization to 40 years; amend KRS 424.130 to clarify that failure to properly publish a notice of adoption of an ordinance or resolution will not void the adoption unless the failure continues for a period of 15 days; amend KRS 66.310 to conform the notice date for a hearing; amend KRS 66.400 to clarify that a general obligation pledge is a pledge of taxes, to limit garnishment of public funds, and allow for periodic payment of judgments in the case of bankruptcy; |
| Index Headings of Original Version |
Local Mandate - Public finance, bonds and leases, publication and methods of notice, conform Bonds, Public - Dates of publication, conform Budget and Financial Administration - Bonds and leases, conform dates methods for publication Local Government - Public finance, bonds and leases, publication and methods of notice, conform |
| 02/21/18 |
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|---|---|
| 02/22/18 |
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Last updated: 1/16/2019 3:00 PM (EST)