{"data":{"id":"us-ky/krs-56.832","jurisdiction":"us-ky","citation":"KRS 56.832","heading":"Lease by Commonwealth of real property in foreign jurisdiction.","body":"(1) The term \"foreign jurisdiction\" for the purpose of this section means states other\nthan Kentucky, a territory of the United States, or a foreign country.\n(2) The Finance and Administration Cabinet shall promulgate administrative\nregulations relating to the lease of real property in a foreign jurisdiction.\n(3) When an agency determines it has a need to lease office space in a foreign\njurisdiction, the agency shall submit a request in writing to the Department for\nFacilities and Support Services within the Finance and Administration Cabinet.\n(4) The Department for Facilities and Support Services shall review the space request\nand draw up general requirement specifications. The general requirement\nspecifications shall be kept on file by the department.\n(5) (a) If the Department for Facilities and Support Services determines that it is not\nfeasible to lease the space through competitive sealed bid, the Department for\nFacilities and Support Services may, under Finance and Administration\nCabinet administrative regu lations, acquire leased space through\nnoncompetitive negotiation.\n(b) If competitive sealed bid is determined to be unfeasible, the commissioner of\nthe Department for Facilities and Support Services shall put in writing the\njustification for his determinat ion prior to award of the lease. This writing\nshall be kept on file by the department.\n(6) Any lease awarded under this section shall include a thirty (30) day cancellation\nnotice that will allow the Commonwealth the right to cancel the lease upon written\nnotice within thirty (30) days.\n(7) Any lease proposed to be awarded under this section, including all lease renewals\nfor which the annual rental cost will exceed one hundred thousand dollars\n($100,000), shall be reported to the Capital Projects and Bond Oversight Committee\nafter drafting of the lease is completed but before execution. The report shall\ninclude:\n(a) The name of the agency that will occupy the premises;\n(b) The name of the lessor;\n(c) The purpose and justification for the lease;\n(d) The terms of the lease;\n(e) An explanation of why the Finance and Administration Cabinet chose this\nlessor; and\n(f) A survey and cost comparison of similar rental properties within the area.\n(8) Within thirty (30) days after the report required in subsection (7) of this section has\nbeen submitted to the committee, the committee shall conduct its review and decide\nwhether to approve or disapprove the proposed lease authorization. If the committee\ndisapproves a proposed lease authorization, the secretary of the Finance and\nAdministration Cabinet shall:\n(a) Revise the proposed lease authorization to comply with the objection of the\ncommittee;\n(b) Cancel the proposed lease authorization; or\n(c) Determine to proceed with the proposed lease authorization disapproved by\nthe committee.\n(9) The decision made by the secretary of the Finance and Administration Cabinet\nunder subsection (8) of this section shall be communicated to the committee in\nwriting within thirty (30) days of the committee's disapproval.\n(10) Except when another lease term is approved by the secretary of the Finance and\nAdministration Cabinet, the terms of the lease entered into may provide for an\ninitial lease term beginning on a date stat ed and ending on June 30 in each year in\nwhich the General Assembly has convened in an even -numbered-year regular\nsession and appropriated funds for the operation of the state government during the\nnext ensuing biennium. The lease may grant the state succe ssive options for the\nautomatic renewal of the lease upon the same terms and conditions for additional\nrenewal periods of twenty-four (24) months each, not to exceed three (3) automatic\nrenewal periods. Any lease containing a provision for the automatic re newal of the\nlease after the expiration of the initial lease term shall also provide that the state\nmay, upon written notice given to the lessor on or before April 15 of the year in\nwhich the initial or any automatic renewal term expires, elect not to exer cise its\noption for the automatic renewal of the lease term. Subject to the agreement of the\nlessor, a lease in which the final automatic renewal period has expired, or will\nexpire as of the end of the then current term, may be renewed upon the same terms\nand conditions, provisions of KRS 56.803 to the contrary notwithstanding.","path":["KRS Chapter 56"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=22730","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:49:12Z","sha256":"a93d347f18d0d4f58d8c75da9de5ec046553e218be17a978d7e2ebfdce3e73dd","source_id":"us-ky","stale":false,"prev":"us-ky/krs-56.830","next":"us-ky/krs-56.850"},"notice":"GroundRules: Original legal text. Not legal advice."}