Loan or transfer of funds of funding commission prohibited
Applied in 2 court decisions — leading case Beshear v. Haydon Bridge Co., Inc. (2010)
Most recently applied in Beshear v. Haydon Bridge Co. (November 2013)
Effective: April 4, 1994 History: Amended 1994 Ky
Except as provided in KRS 342.829, funds which are under the jurisdiction of the commission shall not:
(1) Be loaned to the Commonwealth or any instrumentality or agency thereof;
(2) Be subject to transfer to the Commonwealth or any agency or instrumentality thereof, except for purposes specifically authorized by this chapter;
(3) Be expended for any other purpose than one authorized by this chapter.
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.