780 KAR 7:060. Equipment inventory.

      RELATES TO: KRS 45.301(1)(f), 151B.025(3), 151B.110, 151B.150, EO 2000-990

      STATUTORY AUTHORITY: KRS 151B.025(3), EO 2000-990

      NECESSITY, FUNCTION, AND CONFORMITY: KRS 45.301(1)(f) requires the Finance and Administration Cabinet to supervise purchasing and storekeeping and control of property and stores. EO 2000-990 requires the Commissioner of the Department for Technical Education to administer the state vocational-technical education program. This administrative regulation establishes policy and operating procedures relative to the inventory of vocational-technical education equipment.

      Section 1. (1) The Office of Administrative Services shall be responsible for the management and control of an inventory system for vocational-technical education programs.

      (2) All equipment with a value of $250 or more acquired in whole or in part with state funds shall be maintained on this inventory and identified in accordance with 200 KAR 5:021.

      (3) The area technology centers shall be responsible for conducting an annual inventory of all property.

      (4) All equipment acquired in whole or in part with federal funds shall be maintained on the current inventory. (17 Ky.R. 763; eff. 10-14-90; Am. 22 Ky.R. 381; 739; eff. 10-5-95; 26 Ky.R. 2329; 27 Ky.R. 966; eff. 10-16-2000.)