Kentucky Code § KRS 162.550

Ownership of certain moneys determined
Open in Lexace · Ask the AI about this section
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 t he terms, provisions, pledges, covenants, and agreements set forth in its leases and bond resolutions and bonds.

‹ Prev All Kentucky sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.