48.192 Commonwealth postsecondary prepaid tuition trust fund recommendations. - Kentucky Statutes

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Page 1 of 1 48.192 Commonwealth postsecondary prepaid tuition trust fund recommendations. Notwithstanding any other provision of law, if the report of the actuary submitted in an
odd-numbered year pursuant to KRS 164A.704(7)(b) reflects that there will be a real
liability expected to accrue during the upcoming biennium that cannot be met with
existing resources of the Commonwealth postsecondary education prepaid tuition trust
fund created pursuant to KRS 164A.701, the Governor shall include in the budget
recommendation for the executive branch and in the draft branch budget bill for the
executive branch submitted to the General Assembly an appropriation to the board in an
amount necessary to meet the real liability expected to accrue in each fiscal year of the
biennium. Effective: April 25, 2006
History: Created 2006 Ky. Acts ch. 252, Pt. XXXI, sec. 8, effective April 25, 2006.