WKYT | Lexington, Kentucky | News

Kentucky Senate OKs public private partnerships

The legislation is House Bill 407.

FRANKFORT, Ky. (AP) - A bill has passed through both chambers of the Kentucky Legislature allowing state and local government to partner with private sources for funding on projects.

Passed by the Kentucky Senate on Thursday, the bill would require all projects using public private partnerships to be approved by the Finance Cabinet, and be overseen by the Capitol Projects and Bond Oversight Committee.

Speaking on behalf of the measure, Republican Sen. Sara Gregory of Monticello said the bill is a tool in the state's financial toolbox.

Democratic Sen. Ray Jones of Pikeville argued that some provisions of the bill could create lower wages.

The bill passed the Senate on a 27-9 vote and now heads to the governor's desk to be signed into law.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus

WKYT

2851 Winchester Rd. Lexington, Ky 40509 859-299-0411 - switchboard 859-299-2727 - newsroom
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 252838131 - wkyt.com/a?a=252838131
Gray Television, Inc.