Unless specifically approved by the governing board of an institution under the provisions of KRS § 164.367, no president, professor, teacher, member of the executive council, or other officer or employee shall be interested in any contract or purchase for the building or repairing of any structure or furnishing of any supplies for the use of a university or college.
Effective: June 26, 2007

Terms Used In Kentucky Statutes 164.390

  • Contract: A legal written agreement that becomes binding when signed.
  • Council: means the Council on Postsecondary Education created in KRS §. See Kentucky Statutes 164.001
  • 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
  • Institution: means a university, college, community college, health technology center, vocational-technical school, technical institute, technical college, technology center, or the Kentucky Community and Technical College System. See Kentucky Statutes 164.001

History: Amended 2007 Ky. Acts ch. 113, sec. 3, effective June 26, 2007. — Amended
1978 Ky. Acts ch. 392, sec. 3, effective June 17, 1978. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 4527-48.

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