Senate Bill 192

Actions | Amendments
Last Action 03/19/19: signed by Governor (KY Acts ch. 035)
Title AN ACT relating to public finance.
Bill Documents Current/Final
Introduced
Impact Statements Fiscal Note
Local Mandate
Bill Request Number 1741
Sponsor S. West
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 and 58.040 to conform; amend KRS 424.360 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
Local Government - 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
Fiscal Note - Public finance, bonds and leases, publication and methods of notice, conform
Jump to Proposed Amendments Senate Committee Substitute 1
Votes Vote History

Actions

Top | Amendments
02/13/19
  • introduced in Senate
02/15/19
  • to Appropriations & Revenue (S)
02/22/19
  • taken from Appropriations & Revenue (S)
  • 1st reading
  • returned to Appropriations & Revenue (S)
02/25/19
  • taken from Appropriations & Revenue (S)
  • 2nd reading
  • returned to Appropriations & Revenue (S)
02/26/19
  • reported favorably, to Rules with Committee Substitute (1) as a consent bill
02/28/19
  • posted for passage in the Consent Orders of the Day for Thursday, February 28, 2019
  • 3rd reading, passed 37-0 with Committee Substitute (1)
  • received in House
03/01/19
  • to Appropriations & Revenue (H)
  • posted in committee
03/05/19
  • reported favorably, 1st reading, to Consent Calendar
03/06/19
  • 2nd reading, to Rules
  • posted for passage in the Consent Orders of the Day for Thursday, March 7, 2019
03/07/19
  • 3rd reading, passed 98-1
  • received in Senate
  • enrolled, signed by President of the Senate
  • enrolled, signed by Speaker of the House
  • delivered to Governor
03/19/19
  • signed by Governor (KY Acts ch. 035)

Proposed Amendments

Top | Actions
Amendment Senate Committee Substitute 1
Impact Statements Local Mandate
Summary 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 and 58.040 to conform; amend KRS 424.360 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 where the use would also qualify for federally tax-exempt financing under the rules applicable to a qualified 501(c)(3) bond as defined in 26 U.S.C. sec. 145; 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 Local Government - 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 Mandate - Public finance, bonds and leases, publication and methods of notice, conform

Last updated: 5/10/2019 10:34 AM (EDT)
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