56.470 Acquisition of real estate by state agency.
102 words·~1 min read·
/ky/chapter-56/56-470A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
No state agency shall acquire any real property without first meeting the approval of the cabinet. The cabinet may approve, modify, or disapprove the proposed acquisition of real estate, and the finding of the cabinet shall be final, except in cases where the issuance and sale of bonds is proposed, in which cases the cabinet shall submit its findings to the commission for approval, modification or disapproval. If a proposed acquisition of real property is approved as provided in this section, either in whole or in part, the cabinet shall make the acquisition. Acquisition shall be made in accordance with KRS 45A.045.