162.550 Ownership of certain moneys determined.
61 words·~1 min read·
/ky/chapter-162/162-550A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.