B-1 Authority and Governing Regulations

I. Purpose

The Board of Trustees at the University of Kentucky elected to perform the purchasing and capital construction contracting functions in accordance with KRS 164A.555 to KRS 164A.630. 

II. Responsibilities 

The responsibility for this election is vested with the Board of Trustees. The Board of Trustees has delegated these responsibilities to the Executive Vice President for Finance and Administration, who has further delegated them to the Chief Procurement Officer.

III. Policy

In carrying out the provisions of KRS 164A.555 through KRS 164A 630, the Board of Trustees is bound by the following statutes: 

1. Financial Management of Institutions 
   KRS164A.550 through 164A.630
2. KRS 45- Budget and Financial Administration
   KRS 45.750 through KRS 45.818 Capital Projects and Bonds
   KRS 45.550 through KRS 45.640 Equal Employment Opportunity

3. The Kentucky Model Procurement Code as set forth in KRS 45A
   KRS 45A.005 through KRS 45A.340 Model Procurement Code;
   KRS 45A.490 through KRS 45A.494 Preference for Resident Bidder;
   KRS 45A.500 through KRS 45A.540 Recycled Material Content Products;
   KRS 45A.550 through KRS 45A.554 Privatization Contracts;
   KRS 45A.600 through KRS 45A.725 Miscellaneous Procurement;
   KRS 45A.730 through KRS 45A.750 Procurement of Architectural & Engineering Services;

   KRS 45A.800 through KRS 45A.838 Architectural and Engineering Services;
   KRS 45A.840 through KRS 45A.879 Underwriter and Bond Counsel Services; and
   KRS 45A.990 Penalties

4. KRS 164.390 Interest in Contracts Prohibited