41.290 Private funds and contributions. - Kentucky Statutes

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