UNOFFICIAL COPY 24 RS BR 1154
Page 1 of 1
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AN ACT relating to leased office space for the Kentucky Public Pensions Authority 1
and declaring an emergency. 2
Be it enacted by the General Assembly of the Commonwealth of Kentucky: 3
Section 1. (1) Notwithstanding any provision of KRS 61.505, 61.645, or 4
78.782, or the limitations of KRS Chapters 45, 45A, and 56, the Kentucky Public 5
Pensions Authority, in order to carry out the obligations of the Authority's Office of 6
Investments, may lease office space in Louisville Metro for a term of up to five (5) years 7
with the option to renew the lease every five (5) years for a maximum term not to exceed 8
twenty (20) years. 9
(2) The lease and any renewals of the lease shall be subject to approval by the board 10
members of the Kentucky Public Pensions Authority and shall be posted to the 11
Authority's website and made available to the public pursuant to KRS 61.645(19) and 12
78.782(18). 13
Section 2. Whereas the prompt investment of funds and hiring and retention of 14
qualified investment staff by the Kentucky Public Pensions Authority is important to state 15
and local employees and retirees, an emergency is declared to exist, and this Act takes 16
effect upon its passage and approval by the Governor or upon its otherwise becoming a 17
law. 18