KRS 56.809: Statement of owners of property to be furnished to cabinet -- New statement

required under certain conditions.

(1) When the owner of real property selected to be leased to the Commonwealth is a

corporation, partnership, business trust, or organization, a disclosure statement

providing a list of the names of all persons owning five percent (5%) or more of the

shares in such entities and the names of all partners, including silent and limited

partners, shall be furnished to the Finance and Administration Cabinet prior to the

execution of the lease agreement.

(2) Any person, corporation, partnership, business trust, or organization which receives

income from the lease of real property to the Commonwealth and then, by way of

assignment, transfer, or any othe r direct or indirect means, conveys some part of

that income to any other person, corporation, partnership, business trust, or

organization shall file a disclosure statement with the Finance and Administration

Cabinet. The disclosure statement shall identify each recipient of the income and the

amount received by each recipient.

(3) A new disclosure statement shall be furnished to the Finance and Administration

Cabinet upon:

(a) Any change or transfer of ownership involving persons, including silent or

limited partners, owning five percent (5%) or more of the shares in the

corporation, partnership, business trust, or organization; or

(b) Any change in the distribution of income from the leased property by way of

assignment, transfer, or any other direct or indirect means.

(4) The Department for Facilities Management shall maintain each disclosure statement

obtained pursuant to this section in the appropriate lease file and shall make all

lease files available for public inspection.