{"data":{"id":"us-ky/krs-45a.145","jurisdiction":"us-ky","citation":"KRS 45A.145","heading":"Multiyear contracts.","body":"(1) Unless otherwise provided in the statute making appropriations therefor, multiyear\ncontracts for supplies and services may be entered into for periods not extending\nbeyond the end of the biennium in which the contract was made, if funds for the\nfirst fiscal year of the contemplated contract are available at the time of contracting.\nPayment and performance obligations for succeeding fiscal years shall be subject to\nthe availability of funds therefor.\n(2) Prior to the utilization of a contract as described i n subsection (1) of this section, it\nshall be determined in writing by the chief purchasing officer:\n(a) That estimated requirements cover the period of the contract and are\nreasonably firm and continuing; and\n(b) That such contract will serve the best int erests of the Commonwealth by\nencouraging effective competition or otherwise promoting economies in state\nprocurement.\n(3) When funds are not appropriated or otherwise made available to support\ncontinuation of performance in a subsequent year of a contract  as described in\nsubsection (1) of this section, the contract for such subsequent year may be canceled\nand the contractor shall be reimbursed for the reasonable value of any nonrecurring\ncosts incurred but not amortized in the price of the supplies or serv ices delivered\nunder the contract.  The cost of cancellation may be paid from:\n(a) Appropriations currently available for performance of the contract; or\n(b) Appropriations currently available for procurement of similar supplies or\nservices and not otherwise obligated; or\n(c) Appropriations made specifically for the payment of such cancellation costs.","path":["KRS Chapter 45A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=22355","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:06Z","sha256":"f27ec814f23fa542cd0153d6c58e249b8515bbcee94834fd8f8e8074c7f651a3","source_id":"us-ky","stale":false,"prev":"us-ky/krs-45a.140","next":"us-ky/krs-45a.150"},"notice":"GroundRules: Original legal text. Not legal advice."}