2013 Kentucky Revised Statutes CHAPTER 147A - PROGRAM DEVELOPMENT 147A.020 Powers and duties of state local debt officer and state local finance officer.
Download as PDF
147A.020 Powers and duties of state local debt officer and state local finance
officer.
(1)
(2)
(3)
The state local debt officer and the state local finance officer within the
Department for Local Government shall exercise the following administrative
functions of the state:
(a) The state local debt officer shall exercise all administrative functions as
provided in the county debt act, KRS 66.280 to 66.390, and administrative
functions relating to local government bonds as provided in KRS 66.045;
and
(b) The state local finance officer shall exercise all administrative functions
regarding county and local government budgets, as provided in KRS
68.210 to 68.360.
The state local debt officer shall have the following powers and duties:
(a) To require reports from local governments to enable him to adequately
provide the technical and advisory assistance authorized by this section.
The reports shall provide the necessary information for a complete file on
local government debt, which the state local debt officer shall keep open
for public inspection at the Department for Local Government;
(b) To conduct studies in debt management, including ways and means of
appraising the terms of alternative bids;
(c) To request assistance and information, which shall be provided by all
departments, divisions, boards, bureaus, commissions, and other
agencies of state government, to enable the state local debt officer to
carry out his duties under this section; and
(d) To compile and publish annually a report which shall include detailed
information on local government long-term debt issued and retired during
the previous year and outstanding, and other available statistical data on
local government finances.
The state local finance officer shall have the following powers and duties:
(a) To coordinate for the Governor the state's responsibility for, and shall be
responsible for liaison with the appropriate state and federal agencies
with respect to, general revenue sharing for local government;
(b) To provide technical assistance and information to units of local
government on matters including but not limited to fiscal management,
purchases, and contracts; and
(c) To conduct training programs to instruct county and other local officials
respecting their duties and responsibilities in the collection, expenditure,
and management of public moneys subject to their control and
jurisdiction.
Effective:July 15, 2010
History: Amended 2010 Ky. Acts ch. 117, sec. 5, effective July 15, 2010. -Amended 2007 Ky. Acts ch. 47, sec. 67, effective June 26, 2007. -- Amended
1998 Ky. Acts ch. 69, sec. 53, effective July 15, 1998; and ch. 85, sec. 6,
effective July 15, 1998. -- Amended 1994 Ky. Acts ch. 508, sec. 45, effective
July 15, 1994. -- Amended 1984 Ky. Acts ch. 70, sec. 1, effective July 13, 1984.
-- Amended 1982 Ky. Acts ch. 393, sec. 48, effective July 15, 1982. -- Amended
1980 Ky. Acts ch. 188, sec. 108, effective July 15, 1980; and ch. 295, sec. 103,
effective July 15, 1980. -- Amended 1978 Ky. Acts ch. 155, sec. 68, effective
June 17, 1978. -- Amended 1974 Ky. Acts ch. 74, Art. II, sec. 10. -- Created
1970 Ky. Acts ch. 66, sec. 2.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.