Statutes > Kentucky Statutes > CHAPTER 164A HIGHER EDUCATION FINANCE > 164A.190 Acceptance of and expenditure of moneys received from General Assembly.

164A.190 Acceptance of and expenditure of moneys received from General Assembly.

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164A.190 Acceptance of and expenditure of moneys received from General Assembly. The corporation is authorized to accept and expend such moneys as may be appropriated <br>from time to time by the General Assembly or such moneys as may be received from any <br>source including income from the corporation's operations, for effectuating its corporate <br>purposes including, without limitation, the payment of the initial expenses of <br>administration and operation and the establishment of a reserve or contingency fund to be <br>available for the payment of the principal of and interest on any bonds or notes of the <br>corporation. Effective: June 17, 1978 <br>History: Created 1978 Ky. Acts ch. 387, sec. 19, effective June 17, 1978.