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Kentucky Revised Statutes · § 342.1227 — Loan or transfer of funds of funding commission prohibited

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.

Source notes

Effective: April 4, 1994

History and annotations

Amended 1994 Ky. Acts ch. 181, Part 15, sec. 97, effective April 4, 1994. -- Created 1987 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 66, effective October 26, 1987.

Official source for this version

Source captured 2026-09-25. Open the official source.

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