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2015 Kentucky Revised Statutes
CHAPTER 162 - SCHOOL PROPERTY AND BUILDINGS
162.550 Ownership of certain moneys determined.

KY Rev Stat § 162.550 (2015) What's This?

Download as PDF 162.550 Ownership of certain moneys determined. Moneys received by the authority as rentals under any lease, and from the sale of bonds, are declared not to be funds of the Commonwealth but shall be corporate funds of the authority to be held, administered, invested, and disbursed as trust funds under the terms, provisions, pledges, covenants, and agreements set forth in its leases and bond resolutions and bonds. Effective: July 13, 1990 History: Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 586, effective July 13, 1990. -- Created 1960 Ky. Acts ch. 81, sec. 5, effective June 16, 1960.

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