HB329: AN ACT relating to government contract review and declaring an emergency.

Legislative Summary

Amend KRS 45A.705 to require the State Treasurer to either revise, cancel, or keep effective any contract in which the Government Contract Review Committee issues nonbinding recommendations; require the Treasurer to submit contract revisions pursuant to the committee's nonbinding recommendations to the secretary of the Finance and Administration Cabinet or designee; require the secretary of the Finance and Administration Cabinet or designee to either issue the contract with the Treasurer's revisions or cancel the contract; require the secretary of the Finance and Administration Cabinet or designee to revise, cancel, or keep effective any contract issued pursuant to the Governor's constitutional powers in which the committee has issued a nonbinding recommendation; provide severability clause; EMERGENCY.