State Codes and Statutes

State Codes and Statutes

Statutes > Kentucky > 154A00 > 140

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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 <br>source, including income from the corporation's operations, for effectuating its <br>corporate purposes including, without limitation, the payment of the initial expenses <br>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 <br>state general fund shall not be used or obligated to pay the expenses of the <br>corporation or prizes of the lottery and no claim for the payment of an expense of <br>the lottery or prizes of the lottery shall be made against any moneys other than <br>moneys credited to the corporate operating account established by KRS 154A.130. Effective: December 15, 1988 <br>History: Created 1988 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 21, effective December 15, 1988.