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45A.863 Antinepotism provisions.
(1)
(2)
(3)
A person shall not serve on an underwriter or bond counsel selection
committee if that person, his spouse, either of his parents, any of his siblings,
or any of his children is employed by a bond counsel or underwriter which has
prequalified pursuant to KRS 45A.853(1) or owns one percent (1%) or more of
a bond counsel or underwriter firm which has prequalified pursuant to KRS
45A.853(1).
If, in the course of an individual's service on a selection committee, he, his
spouse, either of his parents, any of his siblings, or any of his children is
employed by an underwriter or bond counsel which has prequalified pursuant
to KRS 45A.853(1) or owns one percent (1%) or more of an underwriter or
bond counsel firm which has prequalified pursuant to KRS 45A.853(1), then his
membership on the selection committee shall end and the vacancy shall be
filled as prescribed in KRS 45A.843.
For a period of one (1) year after a person ends his service on a selection
committee, the Commonwealth shall not consider employing an underwriter or
a bond counsel if that person, his spouse, either of his parents, any of his
siblings, or any of his children is employed by a firm which was awarded a
contract by a selection committee on which he served or owns one percent
(1%) or more of a firm which was awarded a contract by a selection committee
on which he served.
Effective:July 15, 1994
History: Created 1994 Ky. Acts ch. 409, sec. 8, effective July 15, 1994.
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