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164A.615 Acceptance of gifts -- Awarding of scholarships, grants, etc.

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164A.615 Acceptance of gifts -- Awarding of scholarships, grants, etc. Nothing contained in KRS 164A.555 to 164A.630 shall be construed to prevent an <br>institution or an affiliated corporation from enforcing or carrying out the bona fide terms <br>of any gift, grant, conveyance, devise or bequest from any private person, corporation, <br>foundation, estate or other entity contributing funds or any other thing of value to the <br>institution or affiliated corporation, nor shall same be construed to prevent an affiliated <br>corporation from awarding athletic scholarships or other scholarship, fellowship, <br>assistantship or similar grants, loans or awards to students, faculty or other employees of <br>an institution, or from performing such other functions as may be assigned by the <br>institution's governing board. Effective: July 15, 1982 <br>History: Created 1982 Ky. Acts ch. 391, sec. 15, effective July 15, 1982.