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Kentucky Revised Statutes

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Statutes Last Updated July 23, 2012

Includes Enactments through the 2012 Extraordinary Session
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KRS Chapter 164A00

  • .010   Findings -- Determinations -- Intent.

  • .011   Plans for organization and operation of corporation and of Kentucky Higher Education Assistance Authority -- Code of ethics.

  • .020   Definitions.

  • .030   Corporation is de jure municipal corporation and political subdivision.

  • .040   Purpose.

  • .050   Kentucky Higher Education Student Loan Corporation -- Establishment -- Organization -- Terms -- Duties -- Removal -- Expenses -- Relationship with other educational entities.  

  • .055   Asset Resolution Corporation -- Purpose -- Powers -- Compensation.  

  • .060   Powers of corporation.

  • .065   Powers of corporation as to supplemental student loans.

  • .070   Status of obligations issued by corporation.

  • .080   Bond issue -- Amount -- Interest -- Use of proceeds -- Approval of General Assembly required for certain bond or note issuances -- Exception.

  • .090   Trust agreements authorized.

  • .100   Pledge of assets or revenues of corporation.

  • .110   All moneys received deemed trust funds.

  • .120   Rights of holders of obligations.

  • .130   Obligations issued under chapter are negotiable instruments.

  • .140   Public agencies, political subdivisions and others may invest in the securities issued by the corporation.

  • .150   Issuance of refunding obligations.

  • .160   Reserve or replacement funds.

  • .170   Annual report and audit.

  • .180   Exemption from personal liability.

  • .190   Acceptance of and expenditure of moneys received from General Assembly.

  • .200   Corporation exempt from taxation -- Interest on bonds issued by corporation may be subject to federal income taxation.

  • .210   Conflicts of interest.

  • .220   Chapter deemed supplemental to other laws.

  • .230   Dissolution of corporation.

  • .240   "Eligible borrower" defined -- Additional student loans permitted -- Administrative regulations -- Bonds to finance loans -- Maximum annual loan amount.

  • .250   Student loan forgiveness program for graduates in energy-related fields.

    • Kentucky Educational Savings Plan Trust

  • .300   Legislative findings and intent.

  • .305   Definitions for KRS 164A.300 to 164A.380.

  • .310   Kentucky Educational Savings Plan Trust -- Powers of board.

  • .315   Office facilities, clerical and administrative support for endowment trust.

  • .320   Repealed, 1992.

  • .325   Additional powers of board as to savings plan trust.

  • .330   Participation agreements for savings plan trust -- Confidentiality of information.

  • .335   Program and administrative funds for savings plan trust -- Investment and payments from funds.

  • .337   Endowment trust for student financial assistance benefits -- Authority to incorporate corporation to administer -- Annual report.

  • .340   Repealed, 1992.

  • .345   Repealed, 1998.

  • .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.

  • .355   Effect of payments on determination of need and eligibility for student aid.

  • .360   Borrowing from the trust.

  • .365   Annual audited financial report to Governor, General Assembly, and State Auditor.

  • .370   Tax exemption.

  • .375   Property rights to assets in trust.

  • .380   Liberal construction.

    • Financial Management of Institutions

  • .550   Definitions for KRS 164A.555 to 164A.630.

  • .555   Transfer of funds to institutions.

  • .560   Election by institution to perform in accordance with KRS 164A.555 to 164A.630.

  • .565   Accrual basis accounting system -- Other records -- Annual report -- Budgets, financial statements, and meetings information to be publicly available on Web site.

  • .570   Annual audit.

  • .575   Purchasing -- Inventories -- Sales of surplus property -- Bidding procedures -- Kentucky-grown agricultural products -- Reports -- Reciprocal preference for resident bidders -- Reverse auctions.

  • .580   Management of capital construction projects.

  • .585   Contracting for capital construction projects -- Items considered equal to specifications may be furnished.

  • .590   Contracting for architectural and engineering services.

  • .595   Carrying out of capital construction projects.

  • .600   Procedures and limitations of KRS 45.750 through 45.800 and KRS Chapter 45A apply -- Projects limited to scope authorized by General Assembly.

  • .605   Procedures and limitations on issuance of consolidated educational building revenue bonds, housing bonds, or bond anticipation notes.

  • .608   Interception of appropriated funds when institution is unable to make bond payments -- Action by governing board to generate additional revenues.

  • .610   Organization and operation of affiliated corporations.

  • .615   Acceptance of gifts -- Awarding of scholarships, grants, etc.

  • .620   Fund for excellence.

  • .625   Severability clause.

  • .630   Statutes binding the board.

    • Commonwealth Postsecondary Education

  • .700   Definitions for KRS 164A.700 to 164A.709.

  • .701   Commonwealth postsecondary education prepaid tuition trust fund -- Prepaid postsecondary tuition administrative account.

  • .703   Repealed 2005.

  • .704   Duties of board.

  • .705   Obligations of fund and of purchaser or qualified beneficiary -- Limitation of liability -- Use of tuition account.

  • .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 -- Contracts subject to amendment by subsequent change to statute, regulation, or policy.

  • .708   Prepaid tuition contracts entered into before and after April 25, 2006 -- Obligations of the Commonwealth.

  • .709   Termination of prepaid tuition contract or account -- Transfer of funds.

    • Mining and Minerals Trust Fund

  • .800   Creation of fund.

  • .805   Board of trustees -- Appointment -- Terms -- General powers.

  • .810   Funds -- Deposit -- Investment -- Purpose.

  • .815   Records -- Reports.

  • .820   Use of fund -- Separate budget required.

  • .830   Revenue bonds -- University of Kentucky may issue.

  • .840   Source of funds.

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