2012 Kentucky Revised Statutes CHAPTER 11A EXECUTIVE BRANCH CODE OF ETHICS 11A.236 Prohibition against lobbying on a contingency basis -- Exception for incentive compensation plans and placement agents.
Download as PDF
11A.236 Prohibition against lobbying on a contingency basis -- Exception for
incentive compensation plans and placement agents.
(1)
(2)
Except as provided in subsection (2) of this section, no person shall engage any
persons to influence executive agency decisions or conduct executive agency
lobbying activity for compensation that is contingent in any way on the outcome of
an executive agency decision and no person shall accept any engagement to
influence executive agency decisions or conduct executive agency lobbying activity
for compensation that is contingent in any way on the outcome of an executive
agency decision.
Subsection (1) of this section does not prohibit, and shall not be construed to
prohibit:
(a) Any person from compensating his sales employees pursuant to an incentive
compensation plan, such as commission sales, if the incentive compensation
plan is the same plan used to compensate similarly situated sales employees
who are not executive agency lobbyists; or
(b) Any person from engaging a placement agent to influence investment
decisions of the Kentucky Retirement Systems and the Kentucky Teachers'
Retirement System for compensation that is contingent on the outcome of
investment decisions by the retirement systems' boards of trustees. The
provisions of this paragraph shall not apply to unregulated placement agents.
Effective: April 11, 2012
History: Amended 2012 Ky. Acts ch. 75, sec. 3, effective April 11, 2012. -- Created
1993 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 52, effective September 16, 1993.
Legislative Research Commission Note (4/11/2012). The phrase "board of trustees" in
subsection (2)(b) of this statute has been changed in codification to "boards of
trustees." This manifest clerical or typographical error has been corrected by the
Reviser of Statutes under the authority of KRS 7.136(1).
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.
