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Code · Kentucky · Chapter 342 — Workers' compensation

342.1227 Loan or transfer of funds of funding commission prohibited.

64 words·~1 min read·/ky/chapter-342/342-1227

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Except as provided in KRS 342.829, funds which are under the jurisdiction of the commission shall not:
(1)Be loaned to the Commonwealth or any instrumentality or agency thereof;
(2)Be subject to transfer to the Commonwealth or any agency or instrumentality
thereof, except for purposes specifically authorized by this chapter;
(3)Be expended for any other purpose than one authorized by this chapter.
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