Unless specifically approved by the governing board of an institution under the provisions of KRS 164.367, no president, professor, teacher, member of the executive council, or other officer or employee shall be interested in any contract or purchase for the building or repairing of any structure or furnishing of any supplies for the use of a university or college.
KRS 164.390
Interest in contracts prohibited
Applied in 1 court decision — leading case Witt v. Eastern Kentucky University (2006)
Most recently applied in Witt v. Eastern Kentucky University (October 2006)
Effective: June 26, 2007 History: Amended 2007 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.