Ky. Rev. Stat. Ann. § 342.1227
Loan or transfer of funds of funding commission prohibited.
Effective Apr 4, 1994Amended 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.Commonwealth of Kentucky
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.
Effective: April 4, 1994
History: 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.