154.20 -570 Contract recapture provisions. Any contract between the authority and the insurance corporation shall contain provisions for the recapture by the authority of any profits made by the insurance corporation; but such recapture may be delayed indefinitely if the continued use of funds so d erived by the insurance corporation shall be deemed by the authority to promote the purposes of the authority. Effective: July 1, 1978 History: Created 1978 Ky. Acts ch. 96, sec. 19, effective July 1, 1978. Formerly codified as KRS 154.575
Kentucky Legal Code