Section 262.660 - Rules and regulations or methods of accounting - Administrative regulations(1) The commission, with the approval of the commissioner of the Department for Natural Resources, is hereby authorized to promulgate such other rules and regulations or methods of accounting as may be necessary or expedient to give effect to the purposes expressed in KRS 262.610 to 262.650.(2) On or before January 1, 2024, the commission, with the approval of the commissioner of the Department for Natural Resources, shall promulgate administrative regulations pursuant to KRS Chapter 13A that shall at a minimum set forth:(a) The form and manner in which a person and a district may jointly request the acquisition of heavy or specialized equipment pursuant to KRS 262.610(1)(c), including but not limited to any financial or other disclosures the commission may require;(b) The terms, conditions, and repayment of loans for heavy or specialized equipment that the commission makes available to districts for rent or lease to persons within those districts;(c) The terms and conditions for rental or lease agreements between districts and persons for the use of acquired heavy or specialized equipment, including but not limited to permissible uses of the equipment, care and maintenance of the equipment, liability assumptions for property damage or bodily injury caused by the equipment, insurance requirements, availability of the equipment for use by others in the district, and the keeping of public records regarding the use of the equipment. Notwithstanding any provision of this chapter or KRS Chapter 42 or 45A to the contrary, lease agreements shall allow lessees to use acquired heavy or specialized equipment outside of their own lands, and with prior approval of the board for the leasing district, on lands outside of their districts; and(d) The proportion of time that lessees or renters shall use the acquired heavy or specialized equipment on their own lands and the proportion of time that the heavy or specialized equipment shall be used on the lands of others.Amended by 2023 Ky. Acts ch. 10,§ 5, eff. 6/28/2023.Amended by 2022 Ky. Acts ch. 239,§ 7, eff. 7/13/2022.Amended 1966 Ky. Acts ch. 23, sec. 68. -- Created 1948 Ky. Acts ch. 79, sec. 1.