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Kentucky Revised Statutes
Title 13 - EDUCATIONChapter 164 - STATE UNIVERSITIES AND COLLEGES - REGIONAL EDUCATION - ARCHAEOLOGY
HIGHER EDUCATION ASSISTANCE
Section 164.774 - Kentucky Lottery Corporation to receive list of persons in default of obligations under financial assistance programs - Withholding of prize winnings

Ky. Rev. Stat. § 164.774

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Current through 2024 Ky. Acts ch.225
Section 164.774 - Kentucky Lottery Corporation to receive list of persons in default of obligations under financial assistance programs - Withholding of prize winnings

The Kentucky Lottery Corporation and the authority shall develop a system to allow the Kentucky Lottery Corporation to receive on a periodic basis a list of persons declared in default of repayment obligations under financial assistance programs in KRS Chapters 164 and 164A. The Kentucky Lottery Corporation shall withhold from a person's prize winnings the amount of the defaulted loan and shall transfer the amount to the authority to credit the account of the person in default. Any amount remaining after the deduction of the loan amount shall be paid to the person.

KRS 164.774

Effective:7/15/2002
Created 2002, Ky. Acts ch. 236, sec. 2, effective7/15/2002.