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2018 Kentucky Revised Statutes
CHAPTER 164A - HIGHER EDUCATION FINANCE
- .010 Findings -- Determinations -- Intent.
- .011 Plans for organization and operation of corporation and of Kentucky Higher Education Assistance Authority -- Code of ethics.
- .020 Definitions.
- .030 Corporation is de jure municipal corporation and political subdivision.
- .040 Purpose.
- .050 Kentucky Higher Education Student Loan Corporation -- Establishment -- Organization -- Terms -- Duties -- Removal -- Expenses -- Relationship with other educational entities.
- .055 Asset Resolution Corporation -- Purpose -- Powers -- Compensation.
- .060 Powers of corporation.
- .065 Powers of corporation as to supplemental student loans.
- .070 Status of obligations issued by corporation.
- .080 Bond issue -- Amount -- Interest -- Use of proceeds -- Approval of General Assembly required for certain bond or note issuances -- Exception.
- .090 Trust agreements authorized.
- .100 Pledge of assets or revenues of corporation.
- .110 All moneys received deemed trust funds.
- .120 Rights of holders of obligations.
- .130 Obligations issued under chapter are negotiable instruments.
- .140 Public agencies, political subdivisions and others may invest in the securities issued by the corporation.
- .150 Issuance of refunding obligations.
- .160 Reserve or replacement funds.
- .170 Annual report and audit.
- .180 Exemption from personal liability.
- .190 Acceptance of and expenditure of moneys received from General Assembly.
- .200 Corporation exempt from taxation -- Interest on bonds issued by corporation may be subject to federal income taxation.
- .210 Conflicts of interest.
- .220 Chapter deemed supplemental to other laws.
- .230 Dissolution of corporation.
- .240 "Eligible borrower" defined -- Additional student loans permitted – Garnishment -- Administrative regulations -- Bonds to finance loans -- Maximum annual loan amount.
- .250 Student loan forgiveness program for graduates in energy-related fields.
- .260 STABLE Kentucky account.
- .300 Legislative findings and intent.
- .305 Definitions for KRS 164A.300 to 164A.380.
- .310 Kentucky Educational Savings Plan Trust -- Powers of board.
- .315 Repealed, 2015. (Effective June 24, 2015)
- .320 Repealed, 1992.
- .325 Additional powers of board as to savings plan trust.
- .330 Participation agreements for savings plan trust -- Confidentiality of information.
- .335 Program and administrative funds for savings plan trust -- Investment and payments from funds.
- .337 Repealed, 2015.
- .340 Repealed, 1992.
- .345 Repealed, 1998.
- .350 Ownership of contributions and interest -- Cancellation of participation agreement -- Transfer of ownership rights -- Penalty on earnings refunded due to cancellation or nondistribution -- Exemption from creditor's execution.
- .355 Effect of payments on determination of need and eligibility for student aid.
- .360 Repealed, 2018.
- .365 Annual audited financial report to Governor, General Assembly, and State Auditor.
- .370 Tax exemption.
- .375 Property rights to assets in trust.
- .380 Liberal construction.
- .550 Definitions for KRS 164A.555 to 164A.630.
- .555 Transfer of funds to institutions.
- .560 Election by institution to perform in accordance with KRS 164A.555 to 164A.630.
- .565 Accrual basis accounting system -- Other records -- Annual report -- Budgets, financial statements, and meetings information to be publicly available on Web site.
- .570 Annual audit.
- .575 Purchasing -- Inventories -- Lease renewals -- Sales of surplus property -- Bidding procedures -- Kentucky-grown agricultural products -- Reports -- Capital construction projects and equipment not listed in budget bill -- Reciprocal preference for resident bidders -- Reverse auctions -- Private loss insurance.
- .580 Management of capital construction projects.
- .585 Contracting for capital construction projects -- Items considered equal to specifications may be furnished.
- .590 Contracting for architectural and engineering services.
- .595 Carrying out of capital construction projects.
- .600 Procedures and limitations of KRS 45.750 through 45.800 and KRS Chapter 45A apply -- Projects limited to scope authorized by General Assembly.
- .605 Procedures and limitations on issuance of consolidated educational building revenue bonds, housing bonds, or bond anticipation notes.
- .608 Interception of appropriated funds when institution is unable to make bond payments -- Action by governing board to generate additional revenues.
- .610 Organization and operation of affiliated corporations.
- .615 Acceptance of gifts -- Awarding of scholarships, grants, etc.
- .620 Fund for excellence.
- .625 Severability clause.
- .630 Statutes binding the board.
- .700 Definitions for KRS 164A.700 to 164A.709.
- .701 Commonwealth postsecondary education prepaid tuition trust fund -- Prepaid postsecondary tuition administrative account.
- .703 Repealed 2005.
- .704 Duties of board.
- .705 Obligations of fund and of purchaser or qualified beneficiary -- Limitation of liability -- Use of tuition account.
- .707 Prepaid tuition contracts -- Amendments -- Accounts not subject to creditors or taxes -- No guarantee of attendance at institution -- Payment of contracts -- Beneficiaries -- Investments and earnings -- Contracts not securities or annuities -- Contracts subject to amendment by subsequent change to statute, regulation, or policy.
- .708 Prepaid tuition contracts entered into before and after April 25, 2006 -- Obligations of the Commonwealth.
- .709 Termination of prepaid tuition contract or account -- Transfer of funds -- Operations of Commonwealth postsecondary education prepaid tuition trust fund and the Tuition Account Program Office to end on June 30, 2028.
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