(1) Funds appropriated by KRS 177.375 to 177.380 and any other act for transportation center programs shall not be diverted for any other use.
(2) The University of Kentucky and the transportation center shall maintain such records as necessary to account for all receipts and expenditures credited or charged against the transportation center.
(3) An annual financial report shall be submitted to the executive director of the Legislative Research Commission and to the Governor by the university on behalf of the transportation center.