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42.540 Annual reports of nonprofit fiduciary holding funds for benefit of state organization.

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Page 1 of 1 42.540 Annual reports of nonprofit fiduciary holding funds for benefit of state organization. Notwithstanding KRS 41.290, every nonprofit fiduciary holding funds for the benefit of <br>any form of state organization, including, but not limited to, Eastern Kentucky University, <br>Kentucky State University, Morehead State University, Murray State University, <br>Northern Kentucky University, University of Kentucky, University of Louisville, Western <br>Kentucky University, Kentucky Community and Technical College System, and the State <br>Fair Board shall make a report according to generally accepted accounting principles of <br>all money received and disbursed during each fiscal year, on or before the fifteenth of <br>July, showing receipts, expenditures, depositories, rates of interest paid by depositories, <br>investments, and rates of return in investments to the Office of the Controller. These <br>fiduciaries include, but are not limited to, Eastern Kentucky University Foundation; <br>Kentucky State University Foundation, Inc.; Morehead State University Foundation, Inc.; <br>Morehead Alumni Foundation, Inc.; Eagle Athletic Foundation, Inc.; Murray State <br>University Foundation; Northern Kentucky University Foundation, Inc.; University of <br>Kentucky Research Foundation; University of Kentucky Athletics Association; the Fund <br>for the Advancement of Education and Research in the University of Kentucky Medical <br>Center; Health Care Collection Service, Inc.; McDowell Cancer Network, Inc.; University <br>of Kentucky-Business Partnership Foundation, Inc.; Kentucky Medical Services <br>Foundation, Inc.; University of Louisville Foundation, Inc.; University of Louisville <br>Hospital, Inc.; University of Louisville Institute of Industrial Research, Inc.; University of <br>Louisville Medical School Fund, Inc.; the College Heights Foundation; KFEC Research <br>and Development Foundation, Inc.; Kentucky Export Resources Authority, Inc.; and all <br>similar nonprofit fiduciaries for the benefit of any form of state organization and their <br>successors. Effective: May 30, 1997 <br>History: Amended 1997 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 32, effective May 30, 1997; and ch. 4, sec. 39, effective May 30, 1997. -- Amended 1990 Ky. Acts ch. 325, <br>sec. 22, effective July 13, 1990. -- Created 1982 Ky. Acts ch. 382, sec. 14, effective <br>July 15, 1982. Legislative Research Commission Note (7/28/97). This section was amended by 1997 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 32, and ch. 4, sec. 39, which do not appear to <br>be in conflict and have been compiled together under KRS 7.136(3).