Kentucky Chapter 164A — Higher Education Finance

81 sections hosted, reproduced from the official public-domain source.

KRS 164A.010— Findings -- Determinations -- Intent
KRS 164A.011— Plans for organization and operation of corporation and of Kentucky Higher Education Assistance Authority -- Code of ethics
KRS 164A.020— Definitions
KRS 164A.030— Corporation is de jure municipal corporation and political subdivision
KRS 164A.040— Purpose
KRS 164A.050— Kentucky Higher Education Student Loan Corporation -- Establishment -- Organization -- Terms -- Duties -- Removal -- Expenses -- Relationship with other educational entities
KRS 164A.055— Asset Resolution Corporation -- Purpose -- Powers -- Compensation
KRS 164A.060— Powers of corporation
KRS 164A.065— Powers of corporation as to supplemental student loans
KRS 164A.070— Status of obligations issued by corporation
KRS 164A.080— Bond issue -- Amount -- Interest -- Use of proceeds -- Approval of General Assembly required for certain bond or note issuances -- Exception
KRS 164A.090— Trust agreements authorized
KRS 164A.100— Pledge of assets or revenues of corporation
KRS 164A.110— All moneys received deemed trust funds
KRS 164A.120— Rights of holders of obligations
KRS 164A.130— Obligations issued under chapter are negotiable instruments
KRS 164A.140— Public agencies, political subdivisions and others may invest in the securities issued by the corporation
KRS 164A.150— Issuance of refunding obligations
KRS 164A.160— Reserve or replacement funds
KRS 164A.170— Annual report and audit
KRS 164A.180— Exemption from personal liability
KRS 164A.190— Acceptance of and expenditure of moneys received from General Assembly
KRS 164A.200— Corporation exempt from taxation -- Interest on bonds issued by corporation may be subject to federal income taxation
KRS 164A.210— Conflicts of interest
KRS 164A.220— Chapter deemed supplemental to other laws
KRS 164A.230— Dissolution of corporation
KRS 164A.240— "Eligible borrower" defined -- Additional student loans permitted -- Garnishment -- Administrative regulations -- Bonds to finance loans -- Maximum annual loan amount
KRS 164A.250— Student loan forgiveness program for graduates in energy-related fields
KRS 164A.260— STABLE Kentucky account
KRS 164A.300— Legislative findings and intent
KRS 164A.305— Definitions for KRS 164A.300 to 164A.380
KRS 164A.310— Kentucky Educational Savings Plan Trust -- Powers of board
KRS 164A.315— Repealed, 2015
KRS 164A.320— Repealed, 1992
KRS 164A.325— Additional powers of board as to savings plan trust
KRS 164A.330— Participation agreements for savings plan trust -- Confidentiality of information
KRS 164A.335— Program and administrative funds for savings plan trust -- Investment and payments from funds
KRS 164A.337— Repealed, 2015
KRS 164A.340— Repealed, 1992
KRS 164A.345— Repealed, 1998
KRS 164A.350— Ownership of contributions and interest -- Cancellation of participation agreement -- Transfer of ownership rights -- Penalty on earnings refunded due to cancellation or nondistribution -- Exemption from creditor's execution
KRS 164A.355— Effect of payments on determination of need and eligibility for student aid
KRS 164A.360— Repealed, 2018
KRS 164A.365— Annual audited financial report to Governor, General Assembly, and State Auditor
KRS 164A.370— Tax exemption
KRS 164A.375— Property rights to assets in trust
KRS 164A.380— Liberal construction
KRS 164A.550— Definitions for KRS 164A.555 to 164A.630
KRS 164A.555— Transfer of funds to institutions
KRS 164A.560— Election by institution to perform in accordance with KRS 164A.555 to 164A.630
KRS 164A.565— Accrual basis accounting system -- Other records -- Annual report -- Budgets, financial statements, and meetings information to be publicly available on Web site
KRS 164A.570— Annual audit
KRS 164A.575— Purchasing -- Inventories -- Lease renewals -- Sales of surplus property -- Bidding procedures -- Kentucky-grown agricultural products -- Reports -- Capital construction projects and equipment not listed in budget bill -- Reciprocal preference for resident bidders -- Reverse auctions
KRS 164A.577— Private loss insurance or self-insurance pool option -- Requirements -- Resumption of state insurance coverage -- Annual inspection -- Coverage requirements and minimums
KRS 164A.580— Management of capital construction projects
KRS 164A.585— Contracting for capital construction projects -- Items considered equal to specifications may be furnished
KRS 164A.590— Contracting for architectural and engineering services
KRS 164A.595— Carrying out of capital construction projects
KRS 164A.600— Procedures and limitations of KRS 45.750 through 45.800 and KRS Chapter 45A apply -- Projects limited to scope authorized by General Assembly
KRS 164A.605— Procedures and limitations on issuance of consolidated educational building revenue bonds, housing bonds, or bond anticipation notes
KRS 164A.608— Interception of appropriated funds when institution is unable to make bond payments -- Action by governing board to generate additional revenues
KRS 164A.610— Organization and operation of affiliated corporations
KRS 164A.615— Acceptance of gifts -- Awarding of scholarships, grants, etc
KRS 164A.620— Fund for excellence
KRS 164A.625— Severability clause
KRS 164A.630— Statutes binding the board
KRS 164A.700— Definitions for KRS 164A.700 to 164A.709
KRS 164A.701— Commonwealth postsecondary education prepaid tuition trust fund -- Prepaid postsecondary tuition administrative account
KRS 164A.703— Repealed, 2005
KRS 164A.704— Duties of board
KRS 164A.705— Obligations of fund and of purchaser or qualified beneficiary -- Limitation of liability -- Use of tuition account
KRS 164A.707— Prepaid tuition contracts -- Amendments -- Accounts not subject to creditors or taxes -- No guarantee of attendance at institution -- Payment of contracts -- Beneficiaries -- Investments and earnings -- Contracts not securities or annuities -- Contracts subject to amendment by subsequent change to statute, regulation, or policy
KRS 164A.708— Prepaid tuition contracts entered into before and after April 25, 2006 -- Obligations of the Commonwealth
KRS 164A.709— Termination of prepaid tuition contract or account -- Transfer of funds -- Operations of Commonwealth postsecondary education prepaid tuition trust fund and the Tuition Account Program Office to end on June 30, 2030
KRS 164A.800— Creation of fund
KRS 164A.805— Board of trustees -- Appointment -- Terms -- General powers
KRS 164A.810— Funds -- Deposit -- Investment -- Purpose
KRS 164A.815— Records -- Reports
KRS 164A.820— Use of fund -- Separate budget required
KRS 164A.830— Revenue bonds -- University of Kentucky may issue
KRS 164A.840— Source of funds