KRS 147A.020: Powers and duties of state local debt officer and state local finance

officer.

(1) The state local debt officer and the state local finance officer within the Department

for Local Government shall exercise the following administrative functions of th e

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 loc al finance officer shall exercise all administrative functions

regarding county and local government budgets, as provided in KRS 68.210 to

68.360.

(2) The state local debt officer shall have the following powers and duties:

(a) To require reports from loca l 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 k eep 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 al l

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.

(3) 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 i nformation 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 t he collection, expenditure, and

management of public moneys subject to their control and jurisdiction.