164.026 State support for University of Louisville.
110 words·~1 min read·
/ky/chapter-164/164-026A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The General Assembly recognizes the continuing need for education and research in
Kentucky, and that the need is larger than the capacity of the facilities of the state
universities to supply. The General Assembly finds that the University of Louisville
helps to supply, for the entire state, the need, and declares that support of the
University of Louisville is a public purpose for which public money may be validly
expended.
(2)The University of Louisville shall keep its books and records available to the State
Auditor. An audit of expenditure of public money by the university is subject to the
laws generally governing audits of expenditures of public money.