Ky. Rev. Stat. § 342.1227

Current through 2024 Ky. Acts ch. 225

Section 342.1227 - Loan or transfer of funds of funding commission prohibited

Except as provided in KRS 342.829, funds which are under the jurisdiction of the commission shall not:

(1) Be loaned to the Commonwealth or any instrumentality or agency thereof;

(2) Be subject to transfer to the Commonwealth or any agency or instrumentality thereof, except for purposes specifically authorized by this chapter;

(3) Be expended for any other purpose than one authorized by this chapter.

KRS 342.1227

Effective:4/4/1994
Amended 1994 Ky. Acts ch. 181, Part 15, sec. 97, effective4/4/1994. --Created 1987 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 66, effective 10/26/1987.