262.660 Rules and regulations or methods of accounting -- Administrative
320 words·~1 min read·
/ky/262-660A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
regulations.
(1)The commission, with the approval of the commissioner of the Department for
Natural Resources, is hereby authorized to promulgate such other rules and
regulations or methods of accounting as may be necessary or expedient to give
effect to the purposes expressed in KRS 262.610 to 262.650.
(2)On or before January 1, 2024, the commission, with the approval of the
commissioner of the Department for Natural Resources, shall promulgate
administrative regulations pursuant to KRS Chapter 13A that shall at a minimum
set forth:
(a)The form and manner in which a person and a district may jointly request the
acquisition of heavy or specialized equipment pursuant to KRS 262.610(1)(c),
including but not limited to any financial or other disclosures the commission
may require;
(b)The terms, conditions, and repayment of loans for heavy or specialized
equipment that the commission makes available to districts for rent or lease to
persons within those districts;
(c)The terms and conditions for rental or lease agreements between districts and
persons for the use of acquired heavy or specialized equipment, including but
not limited to permissible uses of the equipment, care and maintenance of the
equipment, liability assumptions for property damage or bodily injury caused
by the equipment, insurance requirements, availability of the equipment for
use by others in the district, and the keeping of public records regarding the
use of the equipment. Notwithstanding any provision of this chapter or KRS
Chapter 42 or 45A to the contrary, lease agreements shall allow lessees to use
acquired heavy or specialized equipment outside of their own lands, and with
prior approval of the board for the leasing district, on lands outside of their
districts; and
(d)The proportion of time that lessees or renters shall use the acquired heavy or
specialized equipment on their own lands and the proportion of time that the
heavy or specialized equipment shall be used on the lands of others.