AN ACT relating to acquisition of insurance by local entities.
     Create a new section of KRS 45A.343 to 45A.460, relating to the local model procurement code, to require local public agencies to award all insurance contracts first through competitive sealed bidding, and then, under certain circumstances, under competitive negotiation while prohibiting an award of a contract through noncompetitive negotiation; amend KRS 45A.380 to remove insurance products from universe of services that may be procured by noncompetitive negotiation by local public agencies; amend KRS 424.260 to require local governments, certain officers, districts, and certain agencies to award all insurance contracts first through competitive sealed bidding, and then, under certain circumstances, under competitive negotiation while prohibiting an award of a contract through noncompetitive negotiation, requiring certain provisions of the local model procurement code to be followed relating to contractor cost and pricing data, contractor inspections and audits, the crafting of specifications, and certain ethical provisions; amend KRS 65.314 to conform.

     Mar 5-introduced in Senate
     Mar 7-to State & Local Government (S)
     Mar 8-taken from State & Local Government (S); 1st reading; returned to State & Local Government (S)