176.150 Information required with application for certificate of eligibility.

332 words·~2 min read·/ky/chapter-176/176-150

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)No applicant shall be given a certificate of eligibility unless his financial statement

and the investigation made by the department show that he possesses net current

assets or working capital sufficient in the judgment of the department to render it

probable that he can satisfactorily execute his contracts and meet obligations therein

incurred. All applications for certificates shall expressly authorize the department to

obtain all information which it deems pertinent with respect to the financial status,

assets, and liabilities of the applicant from any persons having business transactions

with the applicant, and shall expressly authorize all those persons to furnish any

information requested from them by the department.

(2)No applicant shall be given a certificate of eligibility until the applicant provides the

secretary of the Transportation Cabinet with his sworn statement made under

penalty of perjury that he has not knowingly violated any provision of the campaign

finance laws of the Commonwealth and that the award of a contract to the applicant

will not violate any provision of the campaign finance laws of the Commonwealth.

"Knowingly" means, with respect to conduct or to a circumstance described by a

statute defining an offense, that a person is aware or should have been aware that

his conduct is of that nature or that the circumstance exists.

(3)Certificates of eligibility shall be issued without reference to the residence of

applicants and the administrative regulations regarding the issuance of certificates

shall apply equally to residents and nonresidents. A certificate of eligibility shall not

be denied to any applicant upon the sole issue of nationality or residence.

(4)When the applicant is a foreign corporation, limited liability company, or limited

partnership, the application shall be accompanied by a certificate from the Secretary

of State of the jurisdiction in which it is organized certifying that it is validly

existing and in good standing and a certificate from the Kentucky Secretary of State

certifying that it is authorized to transact business in the Commonwealth of

Kentucky.