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signed · Kentucky · Senate Mar 10, 2017

SB 2: AN ACT relating to retirement and declaring an emergency. Amend KRS 21.530 to require Senate confirmation of the gubernatorial appointments to the Judicial Form Retirement System; amend KRS 21.540 to require the Judicial Form Retirement System, which administers the Legislators' Retirement Plan and the Judicial Retirement Plan, to post descriptive and financial information to the system's Web site, and to delineate that investment fee and commission reporting include profit sharing, carried interest, and partnership incentives; amend KRS 61.645 to narrow the definition of investment experience on the board of trustees, to specify that vacancies to elected positions be filled by majority vote of the remaining elected members, to require Senate confirmation of gubernatorial appointments to the board, and to delineate that investment fee and commission reporting requirements for the Kentucky Retirement Systems shall include profit sharing, carried interest, and partnership incentives; provide that the systems may not have to disclose contracts on a Web site if disclosure would result in a competitive disadvantage, but require those contracts to be released to the trustees, the State Auditor, and the LRC Govt. Contract Review Committee, subject to the redaction of otherwise exempted material; subject the Kentucky Retirement Systems to KRS Chapter 18A regarding personnel; cap the reimbursement rate for legal services at the Government Contract Review Committee maximum hourly rate; make technical amendments; amend KRS 161.250 to add two gubernatorial appointments to the board subject to Senate confirmation, to specify that investment fee and commission reporting requirements for the Kentucky Teachers' Retirement System must include profit sharing, carried interest, and partnership incentives; provide that the Teachers' Retirement System may not have to disclose contracts on a Web site if disclosure would result in a competitive disadvantage, but require those contracts to be released to the trustees, the State Auditor, and the LRC Govt. Contract Review Committee, subject to the redaction of otherwise exempted material; cap the reimbursement rate for legal services to the Teachers' Retirement System at the Government Contract Review Committee maximum hourly rate; amend various KRS sections to place all state retirement systems under the Model Procurement Code regarding contracts and improve definition of placement agents to include nonemployees and subsidiary firms; amend KRS 7A.220 to increase the membership of the Public Pension Oversight Board; amend KRS 7A.255 to require annual reporting of the percentage of system assets being reported by external managers and partnerships; amend KRS 6.350 to declare noncompliant any actuarial analyses returning negligible or indeterminable cost results; EMERGENCY.

Signed by Governor
signed · Kentucky · Senate Mar 10, 2017

SB 116: AN ACT relating to the Board of Medical Imaging and Radiation Therapy and declaring an emergency. Amend KRS 311B.100 to require individuals licensed or certified in another state in the field of medical imaging and radiation therapy to be licensed by the board if they have graduated from a postsecondary institution, passed a national certifying examination, are licensed in good standing in another jurisdiction, have at least 5 years of experience, and have maintained continuing education requirements; allow the board to deny licensure for cause; EMERGENCY.

Signed by Governor
signed · Kentucky · House Mar 10, 2017

HB 180: AN ACT relating to fictive kin. Repeal and reenact KRS 199.011 to include definition of "fictive kin"; amend KRS 199.462 to establish that the Cabinet for Health and Family Services may approve fictive kin as a placement for a child; amend KRS 600.020 to establish a definition for "fictive kin" and to amend the definition for "out-of-home placement"; amend KRS 605.090, 610.125, and 620.140 to recognize fictive kin as a placement for a child by the Cabinet for Health and Family Services.

Signed by Governor
signed · Kentucky · House Mar 10, 2017

HB 192: AN ACT relating to foster youth operator's license. Amend KRS 186.450 and 186.470 to allow a minor who is in the custody of the Cabinet for Health and Family Services to sign an application for an operator's license; allow the Cabinet for Health and Family Services to request that a minor's license be canceled; amend KRS 186.590, relating to liability for negligence of the minor while driving a motor vehicle, to conform; amend KRS 605.102 to require the prudent parent standard be used to determine if a child is developmentally appropriate to apply for an operator's license, motorcycle operator's license, intermediate license, or any instruction permit.

Signed by Governor
in committee · Kentucky · House Mar 8, 2017

HB 167: AN ACT relating to the Kentucky Retirement Systems. Amend KRS 16.642 to clarify that the board of trustees shall have the power to invest State Police Retirement System (SPRS) funds in the same fashion as Kentucky Employees Retirement System (KERS) funds under KRS 61.650; amend KRS 61.645 to allow the Kentucky Retirement Systems board to promulgate an administrative regulation to conduct trustee elections by electronic ballot; amend KRS 78.790 to clarify that the board of trustees shall have the power to invest County Employees Retirement System (CERS) funds in the same fashion as KERS funds under KRS 61.650; state that amendments to KRS 16.642 and 78.790 are made to conform to amendments made to KRS 61.650 in 2002 to show intent to apply KRS 61.650 changes to SPRS and CERS.

Floor amendment (1) filed
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