739 KAR 1:050. Affiliated corporations.


      RELATES TO: KRS 164A.610


      NECESSITY, FUNCTION, AND CONFORMITY: The governing boards of the public postsecondary institutions may elect to perform and delegate the responsibility for certain financial management functions by promulgating administrative regulations. This administrative regulation implements the provisions of KRS 164A.610 at the Kentucky Community and Technical College System.


      Section 1. The Kentucky Community and Technical College System Board of Regents, under the provisions of KRS 164A.560, elects to organize and operate one (1) or more affiliated corporations in accordance with KRS 164A.610. (26 Ky.R. 1317; eff. 2-14-2000.)