Kentucky Code § KRS 197.250

Contracts for equipment, tools, supplies, and materials
Open in Lexace · Ask the AI about this section
The department may enter into contracts approved by the State Property and Buildings Commission with any person or persons upon a self -liquidating basis respecting the acquisition and purchase of any equipment, tools, supplies, and materials, so that it ma y be paid for over a period of not exceeding five (5) years. The aggregate amount of the purchases or acquisitions shall not exceed two hundred and fifty thousand dollars ($250,000) unless specifically approved by the Governor and the amounts shall be payable solely out of the revenues derived from the activities authorized by KRS 197.200 to 197.250. Nothing in this section shall be so construed or interpreted as to authorize or permit the incurring of a state debt of any kind or nature as contemplated by t he Constitution.

‹ Prev All Kentucky sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.