The chief state school officer, as executive officer of the Kentucky Board of Education, upon application and requisition to the Finance and Administration Cabinet, is hereby authorized and directed to secure price contract agreements for the purchase of s chool buses by all district boards of education. The Finance and Administration Cabinet shall enter into price contract agreements under established purchasing procedure in keeping with the law relating to state purchasing. The price contract agreement sha ll establish sources of supply, maximum prices to be paid, and shall set forth the length of time for which contracts shall be valid.
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