1. (1) The Kentucky Communications Network Authority is established and shall be attached to the Finance and Administration Cabinet for administrative purposes.

2. (2) The duties of the authority shall be to:

   1. (a) Oversee and maintain KentuckyWired, the Commonwealth's open-access broadband network;
   2. (b) Manage the master agreement establishing the public-private partnership between the Commonwealth and its private industry partner or partners. The purpose of the agreement is to design, engineer, build, operate, maintain, and upgrade the network;
   3. (c) Provide network connectivity to public agencies;
   4. (d) Offer access to entities eligible to utilize excess capacity on the network;
   5. (e) Manage other aspects of the network and its utilization with oversight and input from the board established in KRS 154.15-030;
   6. (f) Promulgate administrative regulations in accordance with KRS Chapter 13A necessary to implement the purposes of this subchapter;
   7. (g) Enter into contracts with public and private entities to carry out its duties and responsibilities. A contract or other agreement involving the acquisition or disposition of a property interest by the Commonwealth shall be signed by the secretary of the Finance and Administration Cabinet. KRS Chapters 45A and 56 may require the secretary's signature on other contracts or agreements;
   8. (h) Provide program management services ensuring the financial viability of the master agreement and related contracts and agreements, including grant administration, contract compliance and oversight, community planning support, and constituent services; and
   9. (i) Seek out, secure, and manage funding sources for the network.
   10. (4)

3. (3) The executive director of the Commonwealth Office of Technology established in KRS 42.724 shall assign personnel employed with the Commonwealth Office of Technology to carry out the functions and responsibilities of the authority.

   1. (a) With the approval of the board, the executive director of the Commonwealth Office of Technology may make, execute, and effectuate contracts, leveraging future revenues from provision of government-to-government services and sale or lease of excess capacity, to incur debt in the name of the authority and enter into financing agreements with the Commonwealth, agencies of the Commonwealth, lending institutions, investors, or investing entities.
   2. (b) The total amount of debt or financing under this subsection shall not exceed one hundred ten million dollars ($110,000,000), and shall not leverage any future revenues committed to the repayment of any other debt, or expected to be used for the repayment of any other debt, as of the time the debt or financing is entered into.
   3. (c) Any proposed debt or financing under this subsection shall be submitted to the Capital Projects and Bond Oversight Committee for review at least fourteen
   4. (d)
   5. (14) days prior to the committee meeting. If any debt or financing is incurred under this subsection, the authority shall provide to the Legislative Research Commission: 1. Within thirty (30) days of entering into a debt or financing agreement, a copy of the agreement; and 2. On January 1, April 1, July 1, and October 1 of each year that the debt or financing is outstanding: a. The amount of principal and interest remaining on the debt or financing; The use to which the capital gained from the debt or financing has been put; and b. c. Any amendments, if any, to the original debt or financing instruments or agreements.

Effective: March 10, 2026

History: Amended 2026 Ky. Acts ch. 2, sec. 2, effective March 10, 2026. -- Amended 2018 Ky. Acts ch. 201, sec. 1, effective April 26, 2018. -- Created 2017 Ky. Acts ch. 89, sec. 4, effective June 29, 2017.