Kentucky Statutes 342.1227 – Loan or transfer of funds of funding commission prohibited
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Except as provided in KRS § 342.829, funds which are under the jurisdiction of the commission shall not:
(1) Be loaned to the Commonwealth or any instrumentality or agency thereof;
(2) Be subject to transfer to the Commonwealth or any agency or instrumentality thereof, except for purposes specifically authorized by this chapter;
(3) Be expended for any other purpose than one authorized by this chapter.
Effective: April 4, 1994
History: Amended 1994 Ky. Acts ch. 181, Part 15, sec. 97, effective April 4, 1994. — Created 1987 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 66, effective October 26, 1987.
(1) Be loaned to the Commonwealth or any instrumentality or agency thereof;
Terms Used In Kentucky Statutes 342.1227
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(2) Be subject to transfer to the Commonwealth or any agency or instrumentality thereof, except for purposes specifically authorized by this chapter;
(3) Be expended for any other purpose than one authorized by this chapter.
Effective: April 4, 1994
History: Amended 1994 Ky. Acts ch. 181, Part 15, sec. 97, effective April 4, 1994. — Created 1987 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 66, effective October 26, 1987.