Ky. Rev. Stat. § 162.550

Current through 2024 Ky. Acts ch.225
Section 162.550 - Ownership of certain moneys determined

Moneys received by the authority as rentals under any lease, and from the sale of bonds, are declared not to be funds of the Commonwealth but shall be corporate funds of the authority to be held, administered, invested, and disbursed as trust funds under the terms, provisions, pledges, covenants, and agreements set forth in its leases and bond resolutions and bonds.

KRS 162.550

Effective:7/13/1990
Repealed and reenacted 1990 Ky. Acts ch. 476, Pt. V, sec. 586, effective7/13/1990. -- Created 1960 Ky. Acts ch. 81, sec. 5, effective 6/16/1960.