Find Legal Information

41.290 Private funds and contributions.

Download pdf

41.290 Private funds and contributions. Every department, institution or other agency of the state government having private <br>funds or contributions available for its support or for the purpose of defraying the <br>expenses of any work done under its direction shall deposit such funds or contributions <br>with the Treasurer, and shall certify to the Finance and Administration Cabinet the <br>sources from which the funds or contributions were received, the terms and conditions <br>under which, and the purpose for which, they were received, the names of the trustees or <br>administrators of the funds or contributions, and the name of the person authorized to <br>approve expenditures from each fund or contribution. All disbursements from such funds <br>and contributions shall be made by the Treasurer on the warrants of the Finance and <br>Administration Cabinet, which shall issue such warrants only upon adequate vouchers <br>approved by the person authorized to approve the expenditures. Separate accounting shall <br>be made for each such contribution, and the receipts and disbursements thereof shall be <br>maintained by the Finance and Administration Cabinet. This section does not apply to <br>private funds of students in state educational institutions nor to the private funds of <br>patients or prisoners in state charitable or correctional institutions, when such funds are <br>deposited with an officer of such institutions for safekeeping, nor to the private funds or <br>contributions made and available to the governing boards of the state supported <br>institutions of higher learning. History: Amended 1974 Ky. Acts ch. 74, Art. II, sec. 9(1). -- Amended 1968 Ky. Acts ch. 119, sec. 10 -- Amended 1946 Ky. Acts ch. 149, sec. 1. -- Recodified 1942 Ky. <br>Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 1992b-49.