Kentucky Administrative Regulations
Title 200 - FINANCE AND ADMINISTRATION CABINET
Chapter 21 - Underwriter and Bond Counsel Selection Process
Section 200 KAR 21:050 - Establishment of rates to reimburse underwriters for counsel
Current through Register Vol. 50, No. 9, March 1, 2024
RELATES TO: KRS 45A.877
NECESSITY, FUNCTION, AND CONFORMITY: KRS 45A.877 requires the Office of Financial Management to establish and maintain a schedule of rates at which underwriters will be reimbursed for fees and expenses of the counsel they retain for a bond issuance of a state bond issuing agency. This administrative regulation establishes the rate schedule for underwriters' counsel.
Section 1. Rates to be Reimbursed for Counsel to Underwriters. When an underwriter is utilized on a bond issuance of a state bond issuing agency, the amount of expenses to be paid to the underwriter for reimbursement of its cost of retaining legal counsel for legal services relating to the bond issuance shall be as follows:
STATUTORY AUTHORITY: KRS 45A.877, 45A.879