164A.820 Use of fund -- Separate budget required.
91 words·~1 min read·
/ky/chapter-164a/164a-820A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The fund shall be used to defray the costs of debt service to retire revenue bonds
issued to defray the costs of constructing and equipping any mining and minerals
building authorized by the General Assembly for construction on the University of
Kentucky campus. Idle funds shall be invested as provided by law for funds of the
University of Kentucky. Investment earnings shall be deposited in the fund.
(2)A separate budget for required debt service on a mining and minerals building shall
be submitted in accordance with KRS Chapter 45.