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Loan or transfer of funds of funding commission prohibited

KRS 342.1227
in effect
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342.1227. Loan or transfer of funds of funding commission prohibited 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.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=32411Fetched: 10/20/2026

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