Ky. Rev. Stat. § 198A.190

Current through 2024 Ky. Acts ch. 225
Section 198A.190 - Authority to accept and expend funds

The corporation is authorized to accept and expend such moneys as may be appropriated from time to time by the General Assembly or such moneys as may be received from any source including income from the corporation's operations, for effectuating its corporate purposes including, without limitation, the payment of the initial expenses of administration and operation and the establishment of a reserve or contingency fund to be available for the payment of the principal of and the interest on any bonds or notes of the corporation.

KRS 198A.190

Amended 1974 Ky. Acts ch. 383, sec. 7. -- Created 1972 Ky. Acts ch. 70, sec. 20.