AN ACT relating to the acquisition of conservation equipment.

Amend KRS 262.330 to include heavy or specialized equipment acquired by the Soil and Water Conservation Commission with the types of equipment that the board of a conservation district may make available or lease to landowners and occupiers within the district; amend KRS 262.610 to allow a conservation district to apply jointly with a person residing in the district to the Soil and Water Conservation Commission to acquire heavy or specialized equipment; prohibit the joint application by conservation districts and persons for the acquisition of infrastructure; include references to leasing fees from lessees in a conservation district when determining an amortization schedule for equipment acquired from the Soil and Water Conservation Commission; amend KRS 262.660 to require the Soil and Water Conservation Commission on or before January 1, 2023, to promulgate administrative regulations that shall at a minimum set forth the form and manner in which a person and a conservation district may jointly request the acquisition of heavy or specialized equipment, the terms of loans for heavy or specialized equipment that the commission makes available to districts for lease to persons within those districts, and the terms of the lease agreements between districts and persons in those district for use of the heavy or specialized equipment.