2006 Kentucky Revised Statutes - .755   Contracts for development or demonstration projects.

152.755 Contracts for development or demonstration projects. The secretary of the Kentucky Department of Energy, with the approval of the Governor, may execute contracts to design, construct, or operate development or demonstration projects, subject to the approval of the board. To such end, the secretary may execute such agreements up to a maximum of fifty-five million dollars ($55,000,000) for the period July 1, 1974, to December 30, 1985. Funds required under such agreement shall be deemed a necessary governmental expense and paid by the State Treasurer upon approval of the Department of Finance. A copy of each agreement executed shall be filed with the Legislative Research Commission. Effective: June 17, 1978 History: Amended 1978 Ky. Acts ch. 186, sec. 22, effective March 29, 1978; and ch. 291, sec. 3, effective June 17, 1978. -- Amended 1976 Ky. Acts ch. 299, sec. 23. - - Created 1974 Ky. Acts ch. 78, sec. 2.