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.