56.8161 Determination that agency is entitled to use built-to-suit to acquire space --
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/ky/56-8161A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.