HB467
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Amend KRS 45A.045, relating to the disposal of state property, to require the Finance and Administration Cabinet to determine that there is no need of a state agency or ownership interest of local government before disposal of state-owned real property; require the state agency disposing of real property to provide maintenance and security of real property until completion of disposal; establish authority for the Finance and Administration Cabinet to utilize other methods to dispose of…
Introduced: January 22, 2026
Last action: February 26, 2026
Plain-language summary
This bill changes how the state of Kentucky handles the sale or transfer of state-owned real property. Before disposing of a property, the state must first check whether any state agency or local government wants to use it, and local governments would have a formal way to express interest in abandoned or underused state properties. It also requires the agency selling the property to keep it maintained and secure throughout the entire process. Who it may affect: local governments and state agencies involved in acquiring or managing public property.
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Legislative History
Primary Sponsor
Co-sponsors (2)
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