HB887
Log in to followAN ACT relating to office space leases for the Kentucky Public Pensions Authority and declaring an emergency.
Amend KRS 61.505 to exempt the Kentucky Public Pensions Authority from KRS Chapter 56 regarding the purchase or lease of office space necessary to operate the retirement systems; EMERGENCY.
Introduced: March 4, 2026
Last action: March 13, 2026
Plain-language summary
This bill would allow the Kentucky Public Pensions Authority to acquire or lease office space without following the usual state purchasing rules that normally govern how government agencies obtain property. The emergency designation means it would take effect immediately upon becoming law rather than after a standard waiting period. Who it may affect: members and retirees of Kentucky public pension systems, as well as state government employees involved in managing those systems.
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