164A.190 Acceptance of and expenditure of moneys received from General Assembly. The corporation is authorized to accept and expend such moneys as may be appropriated from time to time by the General Assembly or such moneys as may be received from any source including income from the corporation's operations, for effectuating its corpo rate purposes including, without limitation, the payment of the initial expenses of administration and operation and the establishment of a reserve or contingency fund to be available for the payment of the principal of and interest on any bonds or notes o f the corporation. Effective: June 17, 1978 History: Created 1978 Ky. Acts ch. 387, sec. 19, effective June 17, 1978.
Kentucky Legal Code