154.35.040 Kentucky Research and Development Infrastructure fund.
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<![CDATA[ Page 1 of 1 154.35-040 Kentucky Research and Development Infrastructure fund. There is established a fund entitled the "Kentucky Research and Development <br>Infrastructure Fund" for the purposes and benefit of the Kentucky Research and <br>Development Infrastructure. The fund may receive state appropriations, gifts, grants, and <br>any other funds both public and private. Moneys deposited in the fund shall be disbursed <br>by the State Treasurer upon the warrant of the secretary of Finance and Administration <br>Cabinet. Any unallotted or unencumbered balances in the fund shall be invested as <br>provided in KRS 42.500(6), and any income earned from the investments along with the <br>unallotted or unencumbered balances in the fund shall not lapse, and shall be deemed a <br>trust and agency account and made available solely for the purposes and benefits of the <br>Kentucky Research and Development Infrastructure. Effective: July 15, 1996 <br>History: Amended 1996 Ky. Acts ch. 194, sec. 65, effective July 15, 1996. -- Created 1994 Ky. Acts ch. 508, sec. 50, effective July 15, 1994. ]]>