Kentucky Revised Statutes Title VI. Financial Administration § 45A.867.Emergency procedure

(a) A change in the federal tax law; or

(b) A situation other than a change in the federal tax law, and the secretary of the Finance and Administration Cabinet has stated in writing that he has independently concluded that the situation constitutes an emergency which threatens substantial interests of the Commonwealth.

(3) (a) The cabinet secretary shall forward to the Capital Projects and Bond Oversight Committee the certificate created pursuant to subsection (2)(a) of this section or the certificate and the secretary's independent conclusion written pursuant to subsection (2)(b) of this section.

(b) The secretary shall also confer with the executive director to determine what measures should be taken to select an underwriter or a bond counsel.

(a) The materials referred to in subsection 3(a) of this section;

(b) His own description of the bona fide emergency;

(c) The procedure used for selecting the underwriter or bond counsel;

(d) The nature of the services that the underwriter or bond counsel will provide;

(e) The length of time for which the firm will provide these services; and

(f) The costs connected with employing the underwriter or bond counsel.