Kentucky 2024 Regular Session Status: Enacted 1 R cosponsors

HB 554 — AN ACT relating to insurance coverage of state property.

Last action — signed by Governor (Acts Ch. 50)

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced February 14, 2024. Enacted.

Signed by Governor Andy Beshear (Democratic) on April 04, 2024.

Prognosis

Likely to advance 72% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (1 R).

  • Cleared a recorded vote

    Passed 3 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

Create a new section of KRS 164A.555 to 164A.630 to permit governing boards of public supported postsecondary educational institutions to elect to terminate the institution's coverage through the state fire and tornado insurance fund and obtain the coverage from an authorized insurer or through a self-insurance pool; establish requirements for terminating and resuming coverage through the state fire and tornado insurance fund; establish requirements for insurance obtained by an institution from an authorized insurer or a self-insurance pool; amend KRS 164A.575 to conform.

Bill Text

What changed in the latest version

229 added · 304 removed

229 line(s) added, 304 removed.

→
Previous
Latest
UNOFFICIAL COPY 24 RS HB 554/EN AN ACT relating to insurance coverage of state property.
CHAPTER 50 1 CHAPTER 50 ( HB 554 ) AN ACT relating to insurance coverage of state property.
An institution that terminates the institution's insurance coverage through the state fire and tornado insurance fund under this Page 1 of 11 HB055420.100 - 1276 - XXXX 3/27/2024 6:10 PM Engrossed UNOFFICIAL COPY 24 RS HB 554/EN subsection shall be permitted to resume that coverage, without any need for approval by the Finance and Administration Cabinet or any other state agency or official, by providing the following notices to the secretary of the Finance and Administration Cabinet:
An institution that terminates the institution's insurance coverage through the state fire and tornado insurance fund under this subsection shall be permitted to resume that coverage, without any need for approval by the Finance and Administration Cabinet or any other state agency or official, by providing the following notices to the secretary of the Finance and Administration Cabinet:
Page 2 of 11 HB055420.100 - 1276 - XXXX 3/27/2024 6:10 PM Engrossed UNOFFICIAL COPY 24 RS HB 554/EN (a) 1.
Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY (a) 1.
Page 3 of 11 HB055420.100 - 1276 - XXXX 3/27/2024 6:10 PM Engrossed UNOFFICIAL COPY 24 RS HB 554/EN (c) 1.
(c) 1.
(4) A governing board may obtain actual cash value coverage of a building and its contents if a certification signed by the governing board chair is attached to the insurance policy or contract, or self-insurance pool contract, stating that it would Page 4 of 11 HB055420.100 - 1276 - XXXX 3/27/2024 6:10 PM Engrossed UNOFFICIAL COPY 24 RS HB 554/EN not be fiscally responsible to provide replacement cost coverage for the building being insured.
(4) A governing board may obtain actual cash value coverage of a building and its contents if a certification signed by the governing board chair is attached to the insurance policy or contract, or self-insurance pool contract, stating that it would not be fiscally responsible to provide replacement cost coverage for the building being insured.
Section 2.
CHAPTER 50 3 Section 2.
It shall establish Page 5 of 11 HB055420.100 - 1276 - XXXX 3/27/2024 6:10 PM Engrossed UNOFFICIAL COPY 24 RS HB 554/EN and enforce schedules for purchasing supplies, materials, and equipment.
It shall establish and enforce schedules for purchasing supplies, materials, and equipment.
(8) The governing board shall sell or otherwise dispose of all real or personal property Page 6 of 11 HB055420.100 - 1276 - XXXX 3/27/2024 6:10 PM Engrossed UNOFFICIAL COPY 24 RS HB 554/EN of the institution which is not needed or has become unsuitable for public use, or would be more suitable consistent with the public interest for some other use, as determined by the board.
(8) The governing board shall sell or otherwise dispose of all real or personal property of the institution which is not needed or has become unsuitable for public use, or would be more suitable consistent with the public interest for some other use, as determined by the board.
The determination of the board shall be set forth in an order, and shall be reached only after review of a written request by the institution desiring to dispose of the property.
The determination of the board shall be set forth in an order, and shall be reached only after review of a written request by the institution desiring to dispose of the Legislative Research Commission PDF Version ACTS OF THE GENERAL ASSEMBLY property.
(10) (a) As used in this section, "construction manager-agency," "construction management-at-risk," "design-bid-build," "design-build," and "construction manager-general contractor" shall have the same meaning as in KRS 45A.030.
(10) (a) As used in this section, "construction manager-agency," "construction management-at-risk," "design- bid-build," "design-build," and "construction manager-general contractor" shall have the same meaning as in KRS 45A.030.
Page 7 of 11 HB055420.100 - 1276 - XXXX 3/27/2024 6:10 PM Engrossed UNOFFICIAL COPY 24 RS HB 554/EN (b) For capital construction projects, the procurement may be on a total design- bid-build basis, a design-build basis, construction manager-general contractor basis, or construction management-at-risk basis, whichever in the judgment of the board offers the best value to the taxpayer.
(b) For capital construction projects, the procurement may be on a total design-bid-build basis, a design- build basis, construction manager-general contractor basis, or construction management-at-risk basis, whichever in the judgment of the board offers the best value to the taxpayer.
Services for projects delivered on the design-build basis, construction manager-general contractor basis, or construction management- at-risk basis shall be procured in accordance with KRS 45A.180, KRS 45A.183, and the regulations promulgated in accordance with KRS 45A.180.
Services for projects delivered on the design- build basis, construction manager-general contractor basis, or construction management-at-risk basis shall be procured in accordance with KRS 45A.180, KRS 45A.183, and the regulations promulgated in accordance with KRS 45A.180.
(13) The governing board may negotiate directly for the purchase of contractual Page 8 of 11 HB055420.100 - 1276 - XXXX 3/27/2024 6:10 PM Engrossed UNOFFICIAL COPY 24 RS HB 554/EN services, supplies, materials, or equipment in bona fide emergencies regardless of estimated costs.
(13) The governing board may negotiate directly for the purchase of contractual services, supplies, materials, or equipment in bona fide emergencies regardless of estimated costs.
(c) All governing boards that purchase Kentucky-grown agricultural products shall, on or before January 1 of each year, provide a report to the Legislative Research Commission and to the Department of Agriculture describing the types, quantities, and costs of each product purchased.
CHAPTER 50 5 (c) All governing boards that purchase Kentucky-grown agricultural products shall, on or before January 1 of each year, provide a report to the Legislative Research Commission and to the Department of Agriculture describing the types, quantities, and costs of each product purchased.
(15) Notwithstanding KRS 45.760, the governing board may authorize a capital construction project or a major item of equipment even though it is not specifically Page 9 of 11 HB055420.100 - 1276 - XXXX 3/27/2024 6:10 PM Engrossed UNOFFICIAL COPY 24 RS HB 554/EN listed in any branch budget bill, subject to the following conditions and procedures:
(15) Notwithstanding KRS 45.760, the governing board may authorize a capital construction project or a major item of equipment even though it is not specifically listed in any branch budget bill, subject to the following conditions and procedures:
(b) No later than January 1 of each year, an institution whose governing board elects to obtain private insurance instead of insurance coverage provided through the state fire and tornado insurance fund shall certify, in writing, to the secretary of the Finance and Administration Cabinet that the property is Page 10 of 11 HB055420.100 - 1276 - XXXX 3/27/2024 6:10 PM Engrossed UNOFFICIAL COPY 24 RS HB 554/EN insured in accordance with paragraph (a) of this subsection and shall attach a copy of the private insurance policy.] HB055420.100 - 1276 - XXXX 3/27/2024 6:10 PMe 11 of 11 Engrossed
(b) No later than January 1 of each year, an institution whose governing board elects to obtain private insurance instead of insurance coverage provided through the state fire and tornado insurance fund shall certify, in writing, to the secretary of the Finance and Administration Cabinet that the property is insured in accordance with paragraph (a) of this subsection and shall attach a copy of the private insurance policy.] Signed by Governor April 4, 2024.
Legislative Research Commission PDF Version
⬇ Download PDF
View plain text versions (3)

How this bill changes current law

6 changes Share ↗

Compared against the Kentucky Revised Statutes as published AI-generated reading aid — verify against the official bill.

The bill establishes a new section allowing institutions to obtain their own insurance coverage for state property, rather than relying exclusively on the state fire and tornado insurance fund.

  • KRS 164A.555

    (1) Notwithstanding KRS 56.065 to 56.180 and any other law to the contrary: (a) Instead of insurance coverage provided through the state fire and tornado insurance fund, the governing board of each institution may, subject to paragraph (b) of this subsection, elect to obtain insurance under this section to cover all of the state property in the institution's possession against loss by fire and other hazards;

    This provision allows institutions more flexibility in choosing their insurance coverage.

  • KRS 164A.555

    (2) An institution that obtains insurance under this section shall ensure that an annual inspection is made of each state building and its contents in the institution's possession, for the purpose of determining the unnecessary causes of a fire hazard therein, and recommendations are received for corrective actions, by either:

    Institutions must ensure regular inspections for fire hazards if they obtain their own insurance.

  • KRS 164A.555

    1. Allowing the Finance and Administration Cabinet to have the inspection made and to make recommendations for corrective actions, consistent with the inspections and recommendations made under KRS 56.170.

    This allows the cabinet to conduct the fire hazard inspections if institutions choose.

  • KRS 164A.555

    2. Having a qualified third party approved by the institution's insurer conduct the inspection and make recommendations for corrective actions.

    Institutions have the option to engage third-party inspectors for fire hazard assessments.

  • KRS 164A.555

    (3) Insurance obtained under this section: (a) May be provided: 1. By an authorized insurer as defined in KRS 304.1-100; or 2. Through a self-insurance pool if the pool is: a. Adequately reinsured by an authorized insurer as defined in KRS 304.1-100; and b. Capable of insuring all of the state property in the institution's possession;

    This specifies the types of insurers allowed for the self-purchased coverage.

  • KRS 164A.555

    (4) A governing board may obtain actual cash value coverage of a building and its contents if a certification signed by the governing board chair is attached to the insurance policy or contract, or self-insurance pool contract, stating that it would not be fiscally responsible to provide replacement cost coverage for the building being insured.

    This provision allows boards to opt for cash value coverage under specific conditions.

Action History

  1. signed by Governor (Acts Ch. 50)

  2. delivered to Governor

  3. enrolled, signed by President of the Senate

  4. enrolled, signed by Speaker of the House

  5. passed 92-0

  6. House concurred in Senate Committee Substitute (1)

  7. posted for passage for concurrence in Senate Committee Substitute (1)

  8. to Rules (H)

  9. received in House

  10. 3rd reading, passed 38-0 with Committee Substitute (1)

  11. posted for passage in the Consent Orders of the Day for Tuesday, March 26, 2024

  12. 2nd reading, to Rules as a consent bill

  13. reported favorably, 1st reading, to Consent Calendar with Committee Substitute (1)

  14. to Banking & Insurance (S)

  15. to Committee on Committees (S)

  16. received in Senate

  17. 3rd reading, passed 96-0

  18. posted for passage in the Regular Orders of the Day for Friday, February 23, 2024

  19. 2nd reading, to Rules

  20. reported favorably, 1st reading, to Calendar

  21. to Banking & Insurance (H)

  22. to Committee on Committees (H)

  23. introduced in House

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 137 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (137)

137 members have not signed on to this bill.

Show all 137 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Final Passage

Passed 92 Yea · 0 Nay · 8 Other
Party YeaNayPresentNot Voting
Democrat 13002
Republican 69004
Unaffiliated 10002
Total 92008
% of votes cast 92%0%0%8%
How each member voted (100)
Member Party Vote
Dixon — Yea
Heath — Yea
Bentley — Yea
Pratt — Yea
Timoney — Yea
Gilbert — Yea
Raymond — Yea
Graham — Yea
Justice — Not Voting
Palumbo — Not Voting
Bratcher K. — Yea
Stevenson C — Yea
Adrielle Camuel Democrat Yea
Al Gentry Democrat Yea
Ashley Tackett Laferty Democrat Yea
Beverly Chester-Burton Democrat Yea
Chad Aull Democrat Yea
Daniel Grossberg Democrat Yea
George Brown Jr. Democrat Not Voting
Keturah J. Herron Democrat Yea
Lindsey Burke Democrat Yea
Lisa Willner Democrat Yea
Nima Kulkarni Democrat Not Voting
Pamela Stevenson Democrat Yea
Rachel Roarx Democrat Yea
Sarah Stalker Democrat Yea
Tina Bojanowski Democrat Yea
Adam Bowling Republican Not Voting
Amy Neighbors Republican Yea
Bill Wesley Republican Yea
Bobby McCool Republican Not Voting
Candy Massaroni Republican Yea
Chris Freeland Republican Yea
Chris Fugate Republican Yea
DJ Johnson Republican Yea
Daniel Elliott Republican Yea
Daniel Fister Republican Yea
David Hale Republican Yea
David Meade Republican Yea
David W. Osborne Republican Yea
Deanna Gordon Republican Yea
Derek Lewis Republican Yea
Emily Callaway Republican Yea
Felicia Rabourn Republican Yea
James Tipton Republican Yea
Jared Bauman Republican Yea
Jason Nemes Republican Yea
Jason Petrie Republican Yea
Jennifer Decker Republican Yea
Jim Gooch Jr. Republican Yea
John Blanton Republican Yea
John Hodgson Republican Yea
Josh Branscum Republican Yea
Josh Bray Republican Yea
Josh Calloway Republican Yea
Ken Fleming Republican Yea
Ken Upchurch Republican Not Voting
Kevin Jackson Republican Yea
Kim Banta Republican Yea
Kim King Republican Yea
Kimberly Poore Moser Republican Yea
Marianne Proctor Republican Yea
Mark Hart Republican Yea
Mary Beth Imes Republican Yea
Matt Lockett Republican Not Voting
Matthew Koch Republican Yea
Michael Meredith Republican Yea
Michael Sarge Pollock Republican Yea
Mike Clines Republican Yea
Myron Dossett Republican Yea
Nancy Tate Republican Yea
Nick Wilson Republican Yea
Patrick Flannery Republican Yea
Peyton Griffee Republican Yea
Randy Bridges Republican Yea
Rebecca Raymer Republican Yea
Richard White Republican Yea
Robert Duvall Republican Yea
Ryan Dotson Republican Yea
Samara Heavrin Republican Yea
Savannah Maddox Republican Yea
Scott Lewis Republican Yea
Scott Sharp Republican Yea
Shane Baker Republican Yea
Shawn McPherson Republican Yea
Stephanie Dietz Republican Yea
Steve Bratcher Republican Yea
Steve Rawlings Republican Yea
Steve Riley Republican Yea
Steven Doan Republican Yea
Steven Rudy Republican Yea
Susan Witten Republican Yea
Suzanne Miles Republican Yea
T.J. Roberts Republican Yea
Thomas Huff Republican Yea
Timmy Truett Republican Yea
Tom Smith Republican Yea
Wade Williams Republican Yea
Walker Thomas Republican Yea
William Lawrence Republican Yea

Official roll call →

PASS HB 554 W/ scs1

Passed 38 Yea · 0 Nay
Party YeaNayPresentNot Voting
Democrat 3000
Republican 28000
Unaffiliated 7000
Total 38000
% of votes cast 100%0%0%0%
How each member voted (38)
Member Party Vote
Turner — Yea
Schickel — Yea
Southworth — Yea
Westerfield — Yea
Thayer — Yea
Yates — Yea
Harper Angel — Yea
Cassie Chambers Armstrong Democrat Yea
Gerald A. Neal Democrat Yea
Karen Berg Democrat Yea
Amanda Mays Bledsoe Republican Yea
Brandon J. Storm Republican Yea
Christian McDaniel Republican Yea
Danny Carroll Republican Yea
David P. Givens Republican Yea
Donald Douglas Republican Yea
Gary Boswell Republican Yea
Greg Elkins Republican Yea
Jared Carpenter Republican Yea
Jason Howell Republican Yea
Jason Nemes Republican Yea
Jimmy Higdon Republican Yea
Julie Raque Adams Republican Yea
Lindsey Tichenor Republican Yea
Matthew Deneen Republican Yea
Max Wise Republican Yea
Michael Meredith Republican Yea
Nick Wilson Republican Yea
Phillip Wheeler Republican Yea
Rick Girdler Republican Yea
Robby Mills Republican Yea
Robert Stivers Republican Yea
Robin L. Webb Republican Yea
Shelley Funke Frommeyer Republican Yea
Stephen West Republican Yea
Tom Smith Republican Yea
Wade Williams Republican Yea
Walker Thomas Republican Yea

Official roll call →

Pass

Passed 96 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Democrat 15000
Republican 70002
Unaffiliated 11000
Total 96002
% of votes cast 98%0%0%2%
How each member voted (98)
Member Party Vote
Heath — Yea
Dixon — Yea
Bentley — Yea
Justice — Yea
Palumbo — Yea
Timoney — Yea
Pratt — Yea
Graham — Yea
Raymond — Yea
Bratcher K. — Yea
Stevenson C — Yea
Adrielle Camuel Democrat Yea
Al Gentry Democrat Yea
Ashley Tackett Laferty Democrat Yea
Beverly Chester-Burton Democrat Yea
Chad Aull Democrat Yea
Daniel Grossberg Democrat Yea
George Brown Jr. Democrat Yea
Keturah J. Herron Democrat Yea
Lindsey Burke Democrat Yea
Lisa Willner Democrat Yea
Nima Kulkarni Democrat Yea
Pamela Stevenson Democrat Yea
Rachel Roarx Democrat Yea
Sarah Stalker Democrat Yea
Tina Bojanowski Democrat Yea
Adam Bowling Republican Yea
Amy Neighbors Republican Yea
Bill Wesley Republican Yea
Bobby McCool Republican Yea
Candy Massaroni Republican Yea
Chris Freeland Republican Yea
Chris Fugate Republican Yea
DJ Johnson Republican Yea
Daniel Elliott Republican Yea
Daniel Fister Republican Yea
David Hale Republican Yea
David Meade Republican Yea
David W. Osborne Republican Yea
Deanna Gordon Republican Yea
Derek Lewis Republican Yea
Emily Callaway Republican Yea
Felicia Rabourn Republican Yea
James Tipton Republican Yea
Jared Bauman Republican Yea
Jason Nemes Republican Yea
Jason Petrie Republican Yea
Jennifer Decker Republican Yea
Jim Gooch Jr. Republican Yea
John Blanton Republican Yea
John Hodgson Republican Yea
Josh Branscum Republican Yea
Josh Bray Republican Yea
Josh Calloway Republican Yea
Ken Fleming Republican Yea
Ken Upchurch Republican Yea
Kevin Jackson Republican Not Voting
Kim Banta Republican Yea
Kim King Republican Yea
Kimberly Poore Moser Republican Yea
Marianne Proctor Republican Yea
Mark Hart Republican Yea
Mary Beth Imes Republican Yea
Matt Lockett Republican Yea
Matthew Koch Republican Yea
Michael Meredith Republican Yea
Michael Sarge Pollock Republican Yea
Mike Clines Republican Yea
Myron Dossett Republican Yea
Nancy Tate Republican Yea
Nick Wilson Republican Yea
Patrick Flannery Republican Yea
Randy Bridges Republican Not Voting
Rebecca Raymer Republican Yea
Richard White Republican Yea
Robert Duvall Republican Yea
Ryan Dotson Republican Yea
Samara Heavrin Republican Yea
Savannah Maddox Republican Yea
Scott Lewis Republican Yea
Scott Sharp Republican Yea
Shane Baker Republican Yea
Shawn McPherson Republican Yea
Stephanie Dietz Republican Yea
Steve Bratcher Republican Yea
Steve Rawlings Republican Yea
Steve Riley Republican Yea
Steven Doan Republican Yea
Steven Rudy Republican Yea
Susan Witten Republican Yea
Suzanne Miles Republican Yea
T.J. Roberts Republican Yea
Thomas Huff Republican Yea
Timmy Truett Republican Yea
Tom Smith Republican Yea
Wade Williams Republican Yea
Walker Thomas Republican Yea
William Lawrence Republican Yea

Official roll call →

Subjects

finance education health-insurance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 554 do?
Create a new section of KRS 164A.555 to 164A.630 to permit governing boards of public supported postsecondary educational institutions to elect to terminate the institution's coverage through the state fire and tornado insurance fund and obtain the coverage from an authorized insurer or through a self-insurance pool; establish requirements for terminating and resuming coverage through the state fire and tornado insurance fund; establish requirements for insurance obtained by an institution from an authorized insurer or a self-insurance pool; amend KRS 164A.575 to conform.
Who sponsors HB 554?
HB 554 is sponsored by Michael Meredith (Republican).
What is the current status of HB 554?
This bill has been enacted into law. Introduced February 14, 2024. Enacted.
Where can I track HB 554?
Track HB 554 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on HB 554

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of HB 554

Last checked for changes 2 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →