§ 164A.010 Findings — Determinations — Intent
§ 164A.011 Plans for organization and operation of corporation and of Kentucky Higher Education Assistance Authority — Code of ethics
§ 164A.020 Definitions
§ 164A.030 Corporation is de jure municipal corporation and political subdivision
§ 164A.040 Purpose
§ 164A.050 Kentucky Higher Education Student Loan Corporation — Establishment — Organization — Terms — Duties — Removal — Expenses — Relationship with other educational entities
§ 164A.055 Asset Resolution Corporation — Purpose — Powers — Compensation
§ 164A.060 Powers of corporation
§ 164A.065 Powers of corporation as to supplemental student loans
§ 164A.070 Status of obligations issued by corporation
§ 164A.080 Bond issue — Amount — Interest — Use of proceeds — Approval of General Assembly required for certain bond or note issuances — Exception
§ 164A.090 Trust agreements authorized
§ 164A.100 Pledge of assets or revenues of corporation
§ 164A.110 All moneys received deemed trust funds
§ 164A.120 Rights of holders of obligations
§ 164A.130 Obligations issued under chapter are negotiable instruments
§ 164A.140 Public agencies, political subdivisions and others may invest in the securities issued by the corporation
§ 164A.150 Issuance of refunding obligations
§ 164A.160 Reserve or replacement funds
§ 164A.170 Annual report and audit
§ 164A.180 Exemption from personal liability
§ 164A.190 Acceptance of and expenditure of moneys received from General Assembly
§ 164A.200 Corporation exempt from taxation — Interest on bonds issued by corporation may be subject to federal income taxation
§ 164A.210 Conflicts of interest
§ 164A.220 Chapter deemed supplemental to other laws
§ 164A.230 Dissolution of corporation
§ 164A.240 “Eligible borrower” defined — Additional student loans permitted — Garnishment — Administrative regulations — Bonds to finance loans — Maximum annual loan amount
§ 164A.250 Student loan forgiveness program for graduates in energy-related fields
§ 164A.260 STABLE Kentucky account
§ 164A.300 Legislative findings and intent
§ 164A.305 Definitions for KRS 164A.300 to 164A.380
§ 164A.310 Kentucky Educational Savings Plan Trust — Powers of board
§ 164A.325 Additional powers of board as to savings plan trust
§ 164A.330 Participation agreements for savings plan trust — Confidentiality of information
§ 164A.335 Program and administrative funds for savings plan trust — Investment and payments from funds
§ 164A.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
§ 164A.355 Effect of payments on determination of need and eligibility for student aid
§ 164A.365 Annual audited financial report to Governor, General Assembly, and State Auditor
§ 164A.370 Tax exemption
§ 164A.375 Property rights to assets in trust
§ 164A.380 Liberal construction
§ 164A.550 Definitions for KRS 164A.555 to 164A.630
§ 164A.555 Transfer of funds to institutions
§ 164A.560 Election by institution to perform in accordance with KRS 164A.555 to 164A.630
§ 164A.565 Accrual basis accounting system — Other records — Annual report — Budgets, financial statements, and meetings information to be publicly available on Web site
§ 164A.570 Annual audit
§ 164A.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 r
§ 164A.580 Management of capital construction projects
§ 164A.585 Contracting for capital construction projects — Items considered equal to specifications may be furnished
§ 164A.590 Contracting for architectural and engineering services
§ 164A.595 Carrying out of capital construction projects
§ 164A.600 Procedures and limitations of KRS 45.750 through 45.800 and KRS Chapter 45A apply — Projects limited to scope authorized by General Assembly
§ 164A.605 Procedures and limitations on issuance of consolidated educational building revenue bonds, housing bonds, or bond anticipation notes
§ 164A.608 Interception of appropriated funds when institution is unable to make bond payments — Action by governing board to generate additional revenues
§ 164A.610 Organization and operation of affiliated corporations
§ 164A.615 Acceptance of gifts — Awarding of scholarships, grants, etc
§ 164A.620 Fund for excellence
§ 164A.625 Severability clause
§ 164A.630 Statutes binding the board
§ 164A.700 Definitions for KRS 164A.700 to 164A.709
§ 164A.701 Commonwealth postsecondary education prepaid tuition trust fund — Prepaid postsecondary tuition administrative account
§ 164A.704 Duties of board
§ 164A.705 Obligations of fund and of purchaser or qualified beneficiary — Limitation of liability — Use of tuition account
§ 164A.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 — Contr
§ 164A.708 Prepaid tuition contracts entered into before and after April 25, 2006 — Obligations of the Commonwealth
§ 164A.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, 2030
§ 164A.800 Creation of fund
§ 164A.805 Board of trustees — Appointment — Terms — General powers
§ 164A.810 Funds — Deposit — Investment — Purpose
§ 164A.815 Records — Reports
§ 164A.820 Use of fund — Separate budget required
§ 164A.830 Revenue bonds — University of Kentucky may issue
§ 164A.840 Source of funds

Terms Used In Kentucky Statutes > Chapter 164A - Higher Education Finance

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • any other state: includes any state, territory, outlying possession, the District of Columbia, and any foreign government or country. See Kentucky Statutes 446.010
  • Appropriation: The provision of funds, through an annual appropriations act or a permanent law, for federal agencies to make payments out of the Treasury for specified purposes. The formal federal spending process consists of two sequential steps: authorization
  • Appropriation: means an authorization by the General Assembly to expend, from public funds, a sum of money not in excess of the sum specified, for the purposes specified in the authorization and under the procedure prescribed in KRS Chapter 48. See Kentucky Statutes 446.010
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Bequest: Property gifted by will.
  • Biennium: means the two (2) year period commencing on July 1 in each even- numbered year and ending on June 30 in the ensuing even-numbered year. See Kentucky Statutes 446.010
  • branch budget: means an enactment by the General Assembly which provides appropriations and establishes fiscal policies and conditions for the biennial financial plan for the judicial branch, the legislative branch, and the executive branch, which shall include a separate budget bill for the Transportation Cabinet. See Kentucky Statutes 446.010
  • Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
  • Contract: A legal written agreement that becomes binding when signed.
  • Conviction: A judgement of guilt against a criminal defendant.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Corporation: may extend and be applied to any corporation, company, partnership, joint stock company, or association. See Kentucky Statutes 446.010
  • Dependent: A person dependent for support upon another.
  • Devise: To gift property by will.
  • Directors: when applied to corporations, includes managers or trustees. See Kentucky Statutes 446.010
  • Ex officio: Literally, by virtue of one's office.
  • Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
  • Federal: refers to the United States. See Kentucky Statutes 446.010
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Fraud: Intentional deception resulting in injury to another.
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Grantor: The person who establishes a trust and places property into it.
  • Guarantor: A party who agrees to be responsible for the payment of another party's debts should that party default. Source: OCC
  • Indictment: The formal charge issued by a grand jury stating that there is enough evidence that the defendant committed the crime to justify having a trial; it is used primarily for felonies.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Month: means calendar month. See Kentucky Statutes 446.010
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • Personal property: All property that is not real property.
  • public funds: means sums actually received in cash or negotiable instruments from all sources unless otherwise described by any state agency, state- owned corporation, university, department, cabinet, fiduciary for the benefit of any form of state organization, authority, board, bureau, interstate compact, commission, committee, conference, council, office, or any other form of organization whether or not the money has ever been paid into the Treasury and whether or not the money is still in the Treasury if the money is controlled by any form of state organization, except for those funds the management of which is to be reported to the Legislative Research Commission pursuant to KRS §. See Kentucky Statutes 446.010
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • Quorum: The number of legislators that must be present to do business.
  • real estate: includes lands, tenements, and hereditaments and all rights thereto and interest therein, other than a chattel interest. See Kentucky Statutes 446.010
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Statute: A law passed by a legislature.
  • Tort: A civil wrong or breach of a duty to another person, as outlined by law. A very common tort is negligent operation of a motor vehicle that results in property damage and personal injury in an automobile accident.
  • Year: means calendar year. See Kentucky Statutes 446.010