Any of the state postsecondary educational institutions or the state on behalf of any of the institutions may accept federal aid in the form of services, equipment, supplies, materials, or funds by way of gift, grant, or loan for the purpose of higher education, including student loans. Any of the institutions acting through its president or its governing board is hereby authorized to receive such services, equipment, supplies, materials, and funds as are available. The institutions are authorized to use funds appropriated to them in carrying out the matching provisions required by federal programs, loans, or grants.
Effective: May 30, 1997

Terms Used In Kentucky Statutes 164.288

  • Federal: refers to the United States. See Kentucky Statutes 446.010
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • governing board: means the board of trustees for the University of Kentucky or the University of Louisville, the board of regents for a comprehensive university, or the board of regents for the Kentucky Community and Technical College System. See Kentucky Statutes 164.001
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010

History: Amended 1997 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 92, effective May 30,
1997. — Amended 1988 Ky. Acts ch. 257, sec. 1, effective July 15, 1988. — Amended
1972 Ky. Acts ch. 203, sec. 31. — Created 1960 Ky. Acts ch. 136, sec. 1.

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