164A.360 Borrowing from the trust. The board, as trustee, may establish, by the promulgation of administrative regulations in <br>accordance with KRS Chapter 13A, a program of lending from any funds available to the <br>trust, for participants and beneficiaries to borrow from the trust for the sole purpose of <br>paying higher education costs to an institution of higher education. The interest rate <br>payable by borrowers for any such borrowing shall be a rate established by the board from <br>time to time. Any contribution to such loan program from the program fund or any loan <br>made from the program fund shall be insured. Effective: July 14, 2000 <br>History: Amended 2000 Ky. Acts ch. 382, sec. 8, effective July 14, 2000. -- Created 1988 Ky. Acts ch. 88, sec. 13, effective July 15, 1988.
164A.360 Borrowing from the trust. The board, as trustee, may establish, by the promulgation of administrative regulations in <br>accordance with KRS Chapter 13A, a program of lending from any funds available to the <br>trust, for participants and beneficiaries to borrow from the trust for the sole purpose of <br>paying higher education costs to an institution of higher education. The interest rate <br>payable by borrowers for any such borrowing shall be a rate established by the board from <br>time to time. Any contribution to such loan program from the program fund or any loan <br>made from the program fund shall be insured. Effective: July 14, 2000 <br>History: Amended 2000 Ky. Acts ch. 382, sec. 8, effective July 14, 2000. -- Created 1988 Ky. Acts ch. 88, sec. 13, effective July 15, 1988.
164A.360 Borrowing from the trust. The board, as trustee, may establish, by the promulgation of administrative regulations in <br>accordance with KRS Chapter 13A, a program of lending from any funds available to the <br>trust, for participants and beneficiaries to borrow from the trust for the sole purpose of <br>paying higher education costs to an institution of higher education. The interest rate <br>payable by borrowers for any such borrowing shall be a rate established by the board from <br>time to time. Any contribution to such loan program from the program fund or any loan <br>made from the program fund shall be insured. Effective: July 14, 2000 <br>History: Amended 2000 Ky. Acts ch. 382, sec. 8, effective July 14, 2000. -- Created 1988 Ky. Acts ch. 88, sec. 13, effective July 15, 1988.
