Statutes > Kentucky Statutes > CHAPTER 164A HIGHER EDUCATION FINANCE > 164A.555 Transfer of funds to institutions.

164A.555 Transfer of funds to institutions.

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164A.555 Transfer of funds to institutions. The secretary of the Finance and Administration Cabinet shall issue warrants authorizing <br>the Treasurer of the Commonwealth of Kentucky to pay to the treasurer of each <br>institution any amounts due by virtue of the state appropriations for that institution, or <br>transfer the amount due electronically if electronic transfer is authorized by statute. The <br>transfer of funds shall be handled in a manner to assure a zero (0) balance in the general <br>fund account at the university. Effective: July 15, 1982 <br>History: Created 1982 Ky. Acts ch. 391, sec. 2, effective July 15, 1982.