Kentucky Revised Statutes Title VI. Financial Administration § 45A.700.Certain personal service contracts in aggregate amounts of $10,000 or less exempt from routine review; memoranda of agreement and price contracts of $50,000 or less exempt from routine review; review requirement for amendments

(1) Personal service contracts in aggregate amounts of ten thousand dollars ($10,000) or less during any one (1) fiscal year shall be exempt from routine review by the committee and shall be filed with the committee not more than thirty (30) days after their effective date for informational purposes only. The committee shall examine all personal service contracts in aggregate amounts of ten thousand dollars ($10,000) or less submitted more than thirty (30) days after the effective date. The committee may periodically examine the informational copies of personal service contracts in aggregate amounts of ten thousand dollars ($10,000) or less and may request agency participation in discussions relative to their contracts or payments. The provisions of this subsection shall not apply to price contracts for personal services.

(2) Memoranda of agreement and price contracts for personal services in aggregate amounts of fifty thousand dollars ($50,000) or less during in any one fiscal year shall be exempt from routine review by the committee and shall be filed with the committee not more than thirty (30) days after their effective date for informational purposes only. The committee shall examine all memoranda of agreement and price contracts for personal services in aggregate amounts of fifty thousand dollars ($50,000) or less submitted more than thirty (30) days after the effective date. The committee may periodically examine memoranda of agreement and price contracts for personal services in aggregate amounts of fifty thousand dollars ($50,000) or less and may request agency participation in discussions relative to their agreements or payments.

(3) If a personal service contract of less than ten thousand dollars ($10,000) is amended to the extent the amended total of the contract exceeds ten thousand dollars ($10,000) per fiscal year per contractor, the amended contract shall be placed on the agenda for the committee's routine review. The provisions of this subsection shall not apply to price contracts for personal services.

(4) If a memorandum of agreement or price contract for personal services of less than fifty thousand dollars ($50,000) is amended to the extent the amended total of the agreement or contract exceeds fifty thousand dollars ($50,000) per fiscal year per governmental body, the amended agreement or contract shall be placed on the agenda for the committee's routine review.