Ky. Rev. Stat. » Chapter 164A
Kentucky Revised Statutes

Ky. Rev. Stat. § 164A.555 (2026)

Transfer of funds to institutions

✓ current as of May 2026
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The secretary of the Finance and Administration Cabinet shall issue warrants authorizing the Treasurer of the Commonwealth of Kentucky to pay to the treasurer of each institution any amounts due by virtue of the state appropriations for that institution, or transfer the amount due electronically if electronic transfer is authorized by statute. The transfer of funds shall be handled in a manner to assure a zero (0) balance in the general fund account at the university. Effective: July 15, 1982 History: Created 1982 Ky. Acts ch. 391, sec. 2, effective July 15, 1982.

Notes of Decisions
Cited in 7 cases (1 in the last 5 years), 2016–2022 · leading case: Jim Wayne in His Off. Capacity as State Rep. v. Commonwealth of Kentucky Off. of the Governor Matthew Bevin in His Off. Capacity as Governor, 498 S.W.3d 355 (Ky. 2016).
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Jim Wayne in His Off. Capacity as State Rep. v. Commonwealth of Kentucky Off. of the Governor Matthew Bevin in His Off. Capacity as Governor, 498 S.W.3d 355 (Ky. 2016). · cites it 54× “KRS 164A.555. There is no question that the Governor has the authority to make budget reductions in limited circumstances.”
Commonwealth of Kentucky Ex Rel. Andy Beshear, Attorney Gen. v. Commonwealth of Kentucky Off. of the Governor Ex Rel. Matthew Bevin in His Off. Capacity as Governor (Ky. 2016). · cites it 18× “KRS 164A.555. There is no question that the Governor has the authority to make budget reductions in limited circumstances.”
Jim Wayne in His Off. Capacity as State Rep. v. Commonwealth of Kentucky Off. of the Governor Matthew Bevin in His Off. Capacity as Governor (Ky. 2016). · cites it 18× “KRS 164A.555. There is no question that the Governor has the authority to make budget reductions in limited circumstances.”
Commonwealth of Kentucky Ex Rel. Andy Beshear, Attorney Gen. v. Commonwealth of Kentucky Off. of the Governor Ex Rel. Matthew Bevin in His Off. Capacity as Governor (Ky. 2016). · cites it 18× “KRS 164A.555. There is no question that the Governor has the authority to make budget reductions in limited circumstances.”
Jim Wayne in His Off. Capacity as State Rep. v. Commonwealth of Kentucky Off. of the Governor Matthew Bevin in His Off. Capacity as Governor (Ky. 2017). · cites it 17× “KRS 164A.555. There is no question that the Governor has the authority to make budget reductions in limited circumstances.”
Commonwealth of Kentucky Ex Rel. Andy Beshear, Attorney Gen. v. Commonwealth of Kentucky Off. of the Governor Ex Rel. Matthew Bevin in His Off. Capacity as Governor (Ky. 2017). · cites it 17× “KRS 164A.555. There is no question that the Governor has the authority to make budget reductions in limited circumstances.”
Paul Kearney, M.D. v. Univ. of Kentucky (Ky. 2022). · cites it 5× “” Within KRS Chapter 164A there is a section related to the financial management of institutions of higher education, KRS 164A.555 to 164A.630. KRS 164A.560 states: (1) The governing boards of the postsecondary educational institutions electing to perform in accordance with KRS…”
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