154.20.570 Contract recapture provisions. - Kentucky Statutes

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154.20-570 Contract recapture provisions. Any contract between the authority and the insurance corporation shall contain provisions
for the recapture by the authority of any profits made by the insurance corporation; but
such recapture may be delayed indefinitely if the continued use of funds so derived by the
insurance corporation shall be deemed by the authority to promote the purposes of the
authority. Effective: July 1, 1978
History: Created 1978 Ky. Acts ch. 96, sec. 19, effective July 1, 1978.
Formerly codified as KRS 154.575