Kentucky legislation · 2026 Regular Session
Kentucky HB480: AN ACT relating to state contracts.
Status: Chaptered, April 14, 2026
Amend KRS 45A.035 to require the Finance and Administration Cabinet to promulgate administrative regulations to establish policies regarding timely payments, partial payments, reimbursement, and payment resolution process; create a new section of KRS Chapter 45A to require terms included in state government contracts to address timely payments, partial payment, a payment process for disbursement of funds, payment schedule, and a payment resolution process; establish timely payment policies to provide that all undisputed amounts shall be paid within 30 business days of receipt of the goods, services, invoice, or in accordance with the terms of the contract; provide interest penalties for undisputed amounts that are not timely paid ; require any invoices that are submitted by a contractor or vendor outside of the 10 calendar days correction period to be considered a new invoice for the purpose of calculation of the late payment fee pursuant to KRS 45.454; require the Finance and Administration Cabinet to promulgate administrative regulations to establish a payment resolution process; define "purchasing agency" and "undisputed amount"; require the Finance and Administration Cabinet to submit a report every 6 months to the Legislative Research Commission detailing late payment contract disputes.
What the bill says
An act relating to state contracts.
From the introduced text:
AN ACT relating to state contracts. Be it enacted by the General Assembly of the Commonwealth of Kentucky: Section 1. KRS 45A.035 is amended to read as follows: (1) The secretary of the Finance and Administration Cabinet shall have power and authority over, and may, except as otherwise expressly provided in this code, adopt regulations pursuant to KRS Chapter 13A and consistent with this code governing the purchasing, management, and control of any and all supplies, services, and construction, and other items required to be purchased by the Commonwealth. The secretary shall consider and decide matters of policy with regard to state procurement. The secretary shall have the power of review with respect to the implementation of administrative regulations and policy determinations. (2) Administrative regulations shall be promulgated governing the (b) Prequalification, suspension, debarment, and reinstatement of prospective bidders; (c) Small purchase procedures; (d) Conditions and procedures for the purchase of items for resale; (e) Conditions and procedures for the purchase of agricultural products in accordance with KRS 45A.645; (f) Conditions and procedures for the use of source selection methods authorized by this code, including emergency purchases; (g) Opening and rejection of bids or offers, consideration of alternate bids, and waiver of informalities in offers; (h) Confidentiality of technical data and trade secrets information submitted by actual or prospective bidders …
Sponsors
- Shawn McPherson (R, HD-022) · primary sponsor
- Jason Petrie (R, HD-016)
- Adam Bowling (R, HD-087)
- Steve Bratcher (R, HD-025)
- Anne Donworth (D, HD-076)
- Daniel Grossberg (D, HD-030)
- Vanessa Grossl (R, HD-088)
- Samara Heavrin (R, HD-018)
- Kim King (R, HD-055)
- Nima Kulkarni (D, HD-040)
- Chris Lewis (R, HD-029)
- Rachel Roarx (D, HD-038)
Latest actions
- : became law without Governor's Signature (Acts Ch. 147)
- : filed without Governor's signature with the Secretary of State
- : delivered to Governor
- : enrolled, signed by President of the Senate
- : enrolled, signed by Speaker of the House
- : received in House
- : 3rd reading, passed 38-0
- : posted for passage in the Consent Orders of the Day for Tuesday, March 31 2026
- : 2nd reading, to Rules as a consent bill
- : reported favorably, 1st reading, to Consent Calendar
Votes
- Senate: Floor Vote RSN# 4052 (March 31, 2026): 38 yea, 0 nay, passed
- House: Pass RCS# 99 (February 17, 2026): 96 yea, 0 nay, passed
Subjects: State Agencies, Reports Mandated, Public Procurement, Administrative Regulations And Proceedings, Contracts
Common questions
- What is HB480?
- HB480 is a bill in the Kentucky Legislature (2026 Regular Session): AN ACT relating to state contracts.
- What does HB480 do?
- In its own words: An act relating to state contracts.
- What is the status of HB480?
- Chaptered as of April 14, 2026. Latest action: became law without Governor's Signature (Acts Ch. 147) (April 14, 2026).
- Who sponsored HB480?
- Shawn McPherson (R, HD-022), with 11 co-sponsors.
- Where is the official record for HB480?
- On the Kentucky Legislature website: https://apps.legislature.ky.gov/record/26rs/hb480.html
Source: official Kentucky record. Tracked by Delilah, AI for legislation across all 50 states and Congress.