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Code · Kentucky · Chapter 164A — Higher education finance

164A.620 Fund for excellence.

65 words·~1 min read·/ky/chapter-164a/164a-620

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The governing board is authorized to establish a "fund for excellence" trust fund into which gifts, grants, and special appropriations by the General Assembly intended for such purpose may be deposited. The governing board may also deposit into this fund proceeds from the sale of surplus property. Investment income from moneys in this fund shall be used only to enhance academic programs of the institutions.
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