KRS 65.314: Adoption of procurement, personnel, and compensation policies and code of

ethics.

By August 1, 2010, the governing body of a public entity and the governing body of any

affiliated organization of the public entity shall each:

(1) Adopt a procurement po licy consistent with KRS 45A.345 to 45A.460 that

includes, notwithstanding KRS 45A.380(3) and (10), a transparent, competitive,

selection process for licensed professional services, bond underwriting and bond

counsel services, and financial and insurance products and services;

(2) Approve a detailed, equitable personnel and compensation policy;

(3) Approve contracts only in accordance with its bylaws and procurement policy;

(4) Establish an independent process to receive, analyze, investigate and resolve

concerns relating to the public entity and its affiliated organizations, including

alleged violations of the code of ethics required by subsection (6) of this section;

(5) Conduct training for its members relating to their legal and fiduciary

responsibilities; and

(6) Adopt a code of ethics that shall include:

(a) Standards of conduct for its members and its officers and employees;

(b) Requirements for creation and annual filing of financial disclosure statements

for its members and its officers and management personnel; and

(c) A policy on the employment of:

1. Individuals related to its members; and

2. Individuals related to its officers and employees.