Specifications include, but are not limited to: The selected Sponsors shall provide payment within thirty (30) days of the KYOAAC’s notification of the sponsorship award. The 30-day timeframe shall begin on the date indicated on KYOAAC’s notification of award letter. KYOAAC does not guarantee any benefit or consideration associated with Sponsor’s chosen sponsorship package if it fails to receive full payment within 30 days of notice of the sponsorship award. KRS 45A.485 requires that contractors, including sponsorship contractors reveal to the Commonwealth, prior to the award of a contract, any final determination of a violation by the contractor within the previous five (5) year period of the provisions of KRS Chapters 136, 139, 141, 337, 338, 341, and 342. These statutes relate to state sales and use tax, corporate and utility tax, income tax, wages and hours laws, occupational safety and health laws, unemployment insurance laws, and workers compensation laws, respectively. To comply with the provisions of KRS 45A.485, the chosen Sponsors will be required to report any such final determination(s) of violation(s) to the Commonwealth by providing the following information regarding the final determination(s): the KRS violated, the date of the final determination, and the state agency that issued the final determination.
