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56.470 Acquisition of real estate by state agency.

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56.470 Acquisition of real estate by state agency. No state agency shall acquire any real property without first meeting the approval of the <br>cabinet. The cabinet may approve, modify, or disapprove the proposed acquisition of real <br>estate, and the finding of the cabinet shall be final, except in cases where the issuance and <br>sale of bonds is proposed, in which cases the cabinet shall submit its findings to the <br>commission for approval, modification or disapproval. If a proposed acquisition of real <br>property is approved as provided in this section, either in whole or in part, the cabinet <br>shall make the acquisition. Acquisition shall be made in accordance with KRS 45A.045. Effective: July 13, 1990 <br>History: Amended 1990 Ky. Acts ch. 496, sec. 33, effective July 13, 1990. -- Amended 1966 Ky. Acts ch. 111, sec. 3. -- Amended 1956 (1st Extra. Sess.) Ky. Acts ch. 7, <br>Art. XVI, sec. 5. -- Created 1949 (1st Extra. Sess.) Ky. Acts ch. 11. sec. 4.