15.266 Kentucky Office of Regulatory Relief -- Director -- Powers and duties.
366 words·~2 min read·
/ky/chapter-15/15-266A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The Kentucky Office of Regulatory Relief is hereby created within the Office of the
Attorney General.
(a)There shall be a director within the regulatory relief office responsible for
administering KRS 15.262 to 15.278. The director shall be appointed by the
Attorney General.
(b)The director shall review all applications for admission to the regulatory
sandbox. The director shall report to the Attorney General and may appoint
staff subject to the approval of the Attorney General.
(3)The regulatory relief office shall:
(a)Administer the regulatory sandbox established in KRS 15.268;
(b)Establish a program to enable a person to obtain legal protections and limited
access to the market in the state to demonstrate an innovative offering without
obtaining a license or other authorization that might otherwise be required;
(c)Establish an application fee not to exceed one thousand dollars ($1,000) for
admission to the regulatory sandbox;
(d)Act as a liaison between private businesses and applicable agencies to identify
administrative regulations that may be waived or suspended under the
regulatory sandbox;
(e)Consult with each applicable agency; and
(f)Administer the provisions of KRS 15.262 to 15.278.
(4)The regulatory relief office may:
(a)Review administrative regulations that may unnecessarily inhibit the creation
and success of new companies or industries, and provide recommendations to
the Governor and the General Assembly on modifying those administrative
regulations;
(b)Create a framework for analyzing the risk level to the health, safety, and
financial well-being of consumers related to permanently removing or
temporarily suspending administrative regulations that inhibit the creation or
success of new and existing companies or industries;
(c)Propose potential reciprocity agreements between states that use or may
propose to use similar regulatory sandbox programs as described in KRS
15.268;
(d)Enter into agreements with or adopt the best practices of corresponding
federal regulatory agencies or other states that may administer similar
programs;
(e)Consult with businesses in the state about existing or potential proposals for
the regulatory sandbox; and
(f)Promulgate administrative regulations concerning:
1. Administering the regulatory sandbox;
2. The application process;
3. Reporting requirements of sandbox participants; and 4. Cooperating and consulting with other agencies in the Commonwealth
that administer sandbox programs.