State Codes and Statutes

Statutes > Kentucky > 065-00 > 314

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Page 1 of 1 65.314 Adoption of procurement, personnel, and compensation policies and code of ethics. By August 1, 2010, the governing body of a public entity and the governing body of any <br>affiliated organization of the public entity shall each: <br>(1) Adopt a procurement policy consistent with KRS 45A.345 to 45A.460 that includes, notwithstanding KRS 45A.380(3) and (10), a transparent, competitive, <br>selection process for licensed professional services, bond underwriting and bond <br>counsel services, and financial and insurance products and services; (2) Approve a detailed, equitable personnel and compensation policy; <br>(3) Approve contracts only in accordance with its bylaws and procurement policy; <br>(4) Establish an independent process to receive, analyze, investigate and resolve concerns relating to the public entity and its affiliated organizations, including <br>alleged violations of the code of ethics required by subsection (6) of this section; (5) Conduct training for its members relating to their legal and fiduciary responsibilities; and (6) Adopt a code of ethics that shall include: (a) Standards of conduct for its members and its officers and employees; <br>(b) Requirements for creation and annual filing of financial disclosure statements for its members and its officers and management personnel; and (c) A policy on the employment of: 1. Individuals related to its members; and 2. Individuals related to its officers and employees. Effective: July 15, 2010 <br>History: Created 2010 Ky. Acts ch. 76, sec. 4, effective July 15, 2010.

State Codes and Statutes

Statutes > Kentucky > 065-00 > 314

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Page 1 of 1 65.314 Adoption of procurement, personnel, and compensation policies and code of ethics. By August 1, 2010, the governing body of a public entity and the governing body of any <br>affiliated organization of the public entity shall each: <br>(1) Adopt a procurement policy consistent with KRS 45A.345 to 45A.460 that includes, notwithstanding KRS 45A.380(3) and (10), a transparent, competitive, <br>selection process for licensed professional services, bond underwriting and bond <br>counsel services, and financial and insurance products and services; (2) Approve a detailed, equitable personnel and compensation policy; <br>(3) Approve contracts only in accordance with its bylaws and procurement policy; <br>(4) Establish an independent process to receive, analyze, investigate and resolve concerns relating to the public entity and its affiliated organizations, including <br>alleged violations of the code of ethics required by subsection (6) of this section; (5) Conduct training for its members relating to their legal and fiduciary responsibilities; and (6) Adopt a code of ethics that shall include: (a) Standards of conduct for its members and its officers and employees; <br>(b) Requirements for creation and annual filing of financial disclosure statements for its members and its officers and management personnel; and (c) A policy on the employment of: 1. Individuals related to its members; and 2. Individuals related to its officers and employees. Effective: July 15, 2010 <br>History: Created 2010 Ky. Acts ch. 76, sec. 4, effective July 15, 2010.

State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 065-00 > 314

Download pdf
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Page 1 of 1 65.314 Adoption of procurement, personnel, and compensation policies and code of ethics. By August 1, 2010, the governing body of a public entity and the governing body of any <br>affiliated organization of the public entity shall each: <br>(1) Adopt a procurement policy consistent with KRS 45A.345 to 45A.460 that includes, notwithstanding KRS 45A.380(3) and (10), a transparent, competitive, <br>selection process for licensed professional services, bond underwriting and bond <br>counsel services, and financial and insurance products and services; (2) Approve a detailed, equitable personnel and compensation policy; <br>(3) Approve contracts only in accordance with its bylaws and procurement policy; <br>(4) Establish an independent process to receive, analyze, investigate and resolve concerns relating to the public entity and its affiliated organizations, including <br>alleged violations of the code of ethics required by subsection (6) of this section; (5) Conduct training for its members relating to their legal and fiduciary responsibilities; and (6) Adopt a code of ethics that shall include: (a) Standards of conduct for its members and its officers and employees; <br>(b) Requirements for creation and annual filing of financial disclosure statements for its members and its officers and management personnel; and (c) A policy on the employment of: 1. Individuals related to its members; and 2. Individuals related to its officers and employees. Effective: July 15, 2010 <br>History: Created 2010 Ky. Acts ch. 76, sec. 4, effective July 15, 2010.