HB 467: AN ACT relating to real property.

Summary

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 real property when there are no responsive bids received; establish a process for a local government to notify the state of its interest in using abandoned or underutilized state-owned real property; amend KRS 56.463 to require a state agency disposing of real property to provide maintenance and security of surplus real property until completion of disposal; amend various other sections to conform.

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Feb 26, 2026

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