42.0651 Duties of Office of Policy and Audit -- Assistance from other agencies -- Risk management program.
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42.0651 Duties of Office of Policy and Audit -- Assistance from other agencies --
Risk management program.
(1) The Office of Policy and Audit shall:
(a) Oversee and assist the management of the state fire and tornado insurance
fund established in KRS Chapter 56;
(b) Develop and manage programs of risk assessment and insurance for the
protection of state property not covered by the state fire and tornado insurance <br>fund;
(c) Advise the secretary of the Finance and Administration Cabinet on the fiscal
management of programs relating to life insurance, workers' compensation, <br>and health care benefits for state employees;
(d) Serve as the central clearinghouse for coordinating and evaluating existing
and new risk management programs within all state agencies;
(e) Develop financing techniques for risk protection; and <br>(f) Develop and implement other risk management, insurance, and self-insurance
programs or other functions and duties as the secretary of the Finance and <br>Administration Cabinet may direct the office to undertake and implement <br>within the general statutory authority and control of the Finance and <br>Administration Cabinet over state property and fiscal affairs of the executive <br>branch of state government, including, but not limited to, those areas <br>pertaining to tort and contractual liability, fidelity, and property risks.
(2) Nothing in this section shall be construed or interpreted as affecting the operation of
the employee benefit programs generally administered by the Division of Employee <br>Benefits within the Personnel Cabinet and of the State Risk and Insurance Services <br>programs administered by the Finance and Administration Cabinet. However, both <br>of those departments shall coordinate the operation of life insurance, workers' <br>compensation, health care benefit programs, and other self-insured programs with <br>the Office of Policy and Audit.
(3) All cabinets, departments, boards, commissions, and other state agencies shall
provide to the Office of Policy and Audit the technical advice and other assistance <br>the Office of Policy and Audit or the secretary of the Finance and Administration <br>Cabinet shall request in the performance of the functions of the office as described <br>in this section.
(4) The secretary of the Finance and Administration Cabinet shall have the power and
authority to promulgate administrative regulations pursuant to KRS Chapter 13A <br>for purposes of implementing a risk management program for the executive branch <br>of state government. Any administrative regulations promulgated by the secretary <br>shall be administered by the Office of Policy and Audit.
Effective: July 15, 2010 <br>History: Amended 2010 Ky. Acts ch. 24, sec. 32, effective July 15, 2010. -- Repealed,
reenacted, and amended 2005 Ky. Acts ch. 85, sec. 14, effective June 20, 2005. -- <br>Amended 2001 Ky. Acts ch. 164, sec. 3, effective June 21, 2001. -- Amended 1998 <br>Ky. Acts ch. 82, sec. 12, effective July 15, 1998; and ch. 154, sec. 62, effective July
15, 1998. -- Renumbered by Reviser of Statutes and amended 1994 Ky. Acts ch. 116, <br>sec. 3, effective July 15, 1994; and ch. 216, sec. 4, effective July 15, 1994. -- Created <br>1990 Ky. Acts ch. 377, sec. 1, effective July 13, 1990.
Formerly codified as KRS 42.0245. <br>Formerly codified as KRS 42.0192. <br>Legislative Research Commission Note (7/15/94). This statute was formerly codified as
KRS 42.0192 and was renumbered by the Reviser of Statutes pursuant to KRS <br>7.136(1)(a) because of changes made by 1994 Ky. Acts ch. 216, sec. 4.
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