65.314 Adoption of procurement, personnel, and compensation policies and code of ethics.
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65.314 Adoption of procurement, personnel, and compensation policies and code of
ethics.
By August 1, 2010, the governing body of a public entity and the governing body of any <br>affiliated organization of the public entity shall each: <br>(1) Adopt a procurement policy consistent with KRS 45A.345 to 45A.460 that
includes, notwithstanding KRS 45A.380(3) and (10), a transparent, competitive, <br>selection process for licensed professional services, bond underwriting and bond <br>counsel services, and financial and insurance products and services;
(2) Approve a detailed, equitable personnel and compensation policy; <br>(3) Approve contracts only in accordance with its bylaws and procurement policy; <br>(4) Establish an independent process to receive, analyze, investigate and resolve
concerns relating to the public entity and its affiliated organizations, including <br>alleged violations of the code of ethics required by subsection (6) of this section;
(5) Conduct training for its members relating to their legal and fiduciary
responsibilities; and
(6) Adopt a code of ethics that shall include:
(a) Standards of conduct for its members and its officers and employees; <br>(b) Requirements for creation and annual filing of financial disclosure statements
for its members and its officers and management personnel; and
(c) A policy on the employment of:
1.
Individuals related to its members; and
2.
Individuals related to its officers and employees.
Effective: July 15, 2010 <br>History: Created 2010 Ky. Acts ch. 76, sec. 4, effective July 15, 2010.
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