010. Findings -- Determinations -- Intent.

011. Plans for organization and operation of corporation and of Kentucky Higher Education Assistance Authority -- Code of ethics.

020. Definitions.

030. Corporation is de jure municipal corporation and political subdivision.

040. Purpose.

050. Kentucky Higher Education Student Loan Corporation -- Establishment -- Organization -- Terms -- Duties -- Removal -- Expenses -- Relationship with other educational entities.

055. Asset Resolution Corporation -- Purpose -- Powers -- Compensation.

060. Powers of corporation.

065. Powers of corporation as to supplemental student loans.

070. Status of obligations issued by corporation.

080. Bond issue -- Amount -- Interest -- Use of proceeds -- Approval of General Assembly required for certain bond or note issuances -- Exception.

090. Trust agreements authorized.

100. Pledge of assets or revenues of corporation.

110. All moneys received deemed trust funds.

120. Rights of holders of obligations.

130. Obligations issued under chapter are negotiable instruments.

140. Public agencies, political subdivisions and others may invest in the securities issued by the corporation.

150. Issuance of refunding obligations.

160. Reserve or replacement funds.

170. Annual report and audit.

180. Exemption from personal liability.

190. Acceptance of and expenditure of moneys received from General Assembly.

200. Corporation exempt from taxation -- Interest on bonds issued by corporation may be subject to federal income taxation.

210. Conflicts of interest.

220. Chapter deemed supplemental to other laws.

230. Dissolution of corporation.

240. "Eligible borrower" defined -- Additional student loans permitted – Garnishment -- Administrative regulations -- Bonds to finance loans -- Maximum annual loan amount.

250. Student loan forgiveness program for graduates in energy-related fields.

Kentucky Educational Savings Plan Trust

300. Legislative findings and intent.

305. Definitions for KRS 164A.300 to 164A.380.

310. Kentucky Educational Savings Plan Trust -- Powers of board.

315. Office facilities, clerical and administrative support for endowment trust.

320. Repealed, 1992. [Repealed]

325. Additional powers of board as to savings plan trust.

330. Participation agreements for savings plan trust -- Confidentiality of information.

335. Program and administrative funds for savings plan trust -- Investment and payments from funds.

337. Endowment trust for student financial assistance benefits -- Authority to incorporate corporation to administer -- Annual report.

340. Repealed, 1992. [Repealed]

345. Repealed, 1998. [Repealed]

350. Ownership of contributions and interest -- Cancellation of participation agreement -- Transfer of ownership rights -- Penalty on earnings refunded due to cancellation or nondistribution -- Exemption from creditor's execution.

355. Effect of payments on determination of need and eligibility for student aid.

360. Borrowing from the trust.

365. Annual audited financial report to Governor, General Assembly, and State Auditor.

370. Tax exemption.

375. Property rights to assets in trust.

380. Liberal construction.

Financial Management of Institutions of Higher Education

550. Definitions for KRS 164A.555 to 164A.630.

555. Transfer of funds to institutions.

560. Election by institution to perform in accordance with KRS 164A.555 to 164A.630.

565. Accrual basis accounting system -- Other records -- Annual report -- Budgets, financial statements, and meetings information to be publicly available on Web site.

570. Annual audit.

575. Purchasing -- Inventories -- Sales of surplus property -- Bidding procedures -- Kentucky-grown agricultural products -- Reports -- Reciprocal preference for resident bidders -- Reverse auctions.

580. Management of capital construction projects.

585. Contracting for capital construction projects -- Items considered equal to specifications may be furnished.

590. Contracting for architectural and engineering services.

595. Carrying out of capital construction projects.

600. Procedures and limitations of KRS 45.750 through 45.800 and KRS Chapter 45A apply -- Projects limited to scope authorized by General Assembly.

605. Procedures and limitations on issuance of consolidated educational building revenue bonds, housing bonds, or bond anticipation notes.

608. Interception of appropriated funds when institution is unable to make bond payments -- Action by governing board to generate additional revenues.

610. Organization and operation of affiliated corporations.

615. Acceptance of gifts -- Awarding of scholarships, grants, etc.

620. Fund for excellence.

625. Severability clause.

630. Statutes binding the board.

Commonwealth Postsecondary Education Prepaid Tuition Trust Fund

700. Definitions for KRS 164A.700 to 164A.709.

701. Commonwealth postsecondary education prepaid tuition trust fund -- Prepaid postsecondary tuition administrative account.

703. Repealed 2005.

704. Duties of board.

705. Obligations of fund and of purchaser or qualified beneficiary -- Limitation of liability -- Use of tuition account.

707. Prepaid tuition contracts -- Amendments -- Accounts not subject to creditors or taxes -- No guarantee of attendance at institution -- Payment of contracts -- Beneficiaries -- Investments and earnings -- Contracts not securities or annuities -- Contracts subject to amendment by subsequent change to statute, regulation, or policy.

708. Prepaid tuition contracts entered into before and after April 25, 2006 -- Obligations of the Commonwealth.

709. Termination of prepaid tuition contract or account -- Transfer of funds.

Mining and Minerals Trust Fund

800. Creation of fund.

805. Board of trustees -- Appointment -- Terms -- General powers.

810. Funds -- Deposit -- Investment -- Purpose.

815. Records -- Reports.

820. Use of fund -- Separate budget required.

830. Revenue bonds -- University of Kentucky may issue.

840. Source of funds.