Kentucky Revised Statutes

Ky. Rev. Stat. § 342.1227 (2026)

Loan or transfer of funds of funding commission prohibited

✓ current as of May 2026

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Except as provided in KRS 342.829, funds which are under the jurisdiction of the commission shall not:

(1) Be loaned to the Commonwealth or any instrumentality or agency thereof;

(2) Be subject to transfer to the Commonwealth or any agency or instrumentality thereof, except for purposes specifically authorized by this chapter;

(3) Be expended for any other purpose than one authorized by this chapter. Effective: April 4, 1994 History: Amended 1994 Ky. Acts ch. 181, Part 15, sec. 97, effective April 4, 1994. -- Created 1987 (1st Extra. Sess.) Ky. Acts ch. 1, sec. 66, effective October 26, 1987.

Notes of Decisions

Cited in 2 cases, 2010–2013 · leading case: Beshear v. Haydon Bridge Co., Inc., 304 S.W.3d 682 (Ky. 2010).

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Beshear v. Haydon Bridge Co., Inc., 304 S.W.3d 682 (Ky. 2010). · cites it 13× “1227(2),(3). Having determined that the General Assembly may, in the instance mentioned, divert “public funds” to other uses pursuant to its “suspension” power, we consider again whether, under the circumstances peculiar to this case, it may take back what it has already given…”

Beshear v. Haydon Bridge Co., 416 S.W.3d 280 (Ky. 2013). · cites it 3× “This Court reasoned that KRS 342.1227 prohibited funds in the possession of KWCFC from being transferred or loaned to the Commonwealth for any purpose other than those authorized by KRS Chapter 342.”

— Ky. Rev. Stat. § 342.1227(2) — 1 case

Beshear v. Haydon Bridge Co., Inc., 304 S.W.3d 682 (Ky. 2010). “1227(2),(3). Having determined that the General Assembly may, in the instance mentioned, divert “public funds” to other uses pursuant to its “suspension” power, we consider again whether, under the circumstances peculiar to this case, it may take back what it has already given…”

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