500. Definitions for KRS 197.505 to 197.525.

505. Privatization of prisons -- Maintenance of designated security level of the facility -- Locations restricted.

510. Terms of contract -- Budget -- Annual audit -- Space requirements -- Staffing requirements -- Failure to provide required services, products, or facilities.

515. Performance evaluations.

520. Experience requirements.

525. Regulatory authority of department.

530. Assessment of fine or penalty against private provider -- Notice -- Hearing -- Appeal.

535. Authority of persons acting as private provider.

540. Irrevocable letter of credit as substitute for performance bond -- Protection of state's interest in continual level of prison beds.