KRS 45A.553: Contracting agency evaluation and report -- Cabinet report.

(1) After approval of a privatization contract by the Finance and Administration

Cabinet and issuance and execution of the privatization contract, the contracting

agency shall annually evaluate the performance of the contract and report its

findings to the Gov ernor, the Auditor of Public Accounts, and the Legislative

Research Commission.

(2) The state agency entering into the contract shall provide for an evaluation of the

performance of any privatization contract awarded in excess of five hundred

thousand dollars ($500,000) annually. The review shall include but not be limited to

determining whether the contractor is complying with all applicable statutory

requirements and the provisions of the contract. The performance evaluation shall

be forwarded to the Audi tor of Public Accounts and the Legislative Research

Commission. The evaluation shall be subject to review by the Auditor of Public

Accounts, who shall report any findings to the Legislative Research Commission.

(3) The secretary of the Finance and Administ ration Cabinet shall report the number of

individuals working the equivalent of full -time hours under contracts or agreements

identified by this section to the Legislative Research Commission on an annual

basis.