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Senate committee fast-passes bill to extend state property-insurance authority through 2030
Summary
A Kentucky Senate committee voted to fast-pass House Bill 524, extending the Finance and Administration Cabinet's authority over the state's self-insurance fund for state buildings through July 1, 2030, and renaming the fund to better reflect its scope.
A Senate committee voted to fast-pass House Bill 524, extending the Finance and Administration Cabinet's authority to operate the state's self-insurance fund for state-owned buildings and contents through July 1, 2030, and renaming the fund.
State Representative Aaron Thompson presented the bill to the committee, saying the existing provisions that authorize the self-insurance fund "are set to expire on July first of this year" and that the bill "just continues to give the cabinet ... the authority to…
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