154A.140 Acceptance and expenditure of moneys by corporation -- Corporation to be self sustaining and self funded. - Kentucky Statutes

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154A.140 Acceptance and expenditure of moneys by corporation -- Corporation to be self sustaining and self funded. (1) The corporation is hereby authorized to accept and expend such moneys as may be appropriated by the General Assembly or such moneys as may be received from any
source, including income from the corporation's operations, for effectuating its
corporate purposes including, without limitation, the payment of the initial expenses
of administration and operation of the corporation and the lottery. (2) After the transfer of any appropriated funds provided by subsection (1) of this section, the corporation shall be self sustaining and self funded and moneys in the
state general fund shall not be used or obligated to pay the expenses of the
corporation or prizes of the lottery and no claim for the payment of an expense of
the lottery or prizes of the lottery shall be made against any moneys other than
moneys credited to the corporate operating account established by KRS 154A.130. Effective: December 15, 1988
History: Created 1988 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 21, effective December 15, 1988.