KRS 56.8161: Determination that agency is entitled to use built -to-suit to acquire space --

Definitions.

If the secretary of the Finance and Administration Cabinet determines that an agency is

entitled to additional space and that built -to-suit on private property or built -to-suit on

state-owned land is the most economically advantageous method for acquiring that space,

the secretary shall set forth his determination in a written finding which shall be approved

by the Governor. The following definitions shall apply to built-to-suit projects:

(1) "Design-build-finance" means a built -to-suit project delivery method in which the

chief purchasing officer enters into a single procurement and contract award for

design, construction, and financing of a capital project over a contractually defined

period; and in which the ownership and title of the capital project shall be conveyed

at any time to the Commonwealth of Kentucky.

(2) "Design-build-finance-operate" means a built -to-suit project delivery method in

which the chief purchasing officer enters into a single procurement and contract

award for design, construction, financing, and operation of a capital project over a

contractually defined period; and in which the ownership and title of the capital

project shall be conveyed at any time to the Commonwealth of Kentucky.