KY HB483

Kentucky state agencies and public university security departments may sell firearms to employees when transitioning to new firearms, provided the weapon was issued to that employee and they are legally authorized to possess it

Retiring state employees may purchase their issued firearm by notifying their agency head at least 30 days before retirement; employees purchasing during agency transitions must notify within 10 days of the replacement announcement

Firearms purchased during agency transitions are priced at fair market value; retirement purchases are priced at fair market value from the date of issuance, reduced by 10% for each year issued to the employee, with a minimum price of $50

Sale proceeds are deposited to the issuing agency's account and must be used for purchasing replacement firearms

Firearms not purchased by employees or retirees are disposed of pursuant to existing state property disposal laws (KRS 45A.047)