Statutes, codes, and regulations
Kentucky Revised Statutes
Title 12 - CONSERVATION AND STATE DEVELOPMENTChapter 154 - DEVELOPMENTSubchapter 154.20 - FINANCING OF DEVELOPMENT GENERALLY
INTERIM AND SUPPLEMENTAL FINANCING
Section 154.20-570 - Contract recapture provisions

Ky. Rev. Stat. § 154.20-570

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Current through 2024 Ky. Acts ch.225
Section 154.20-570 - Contract recapture provisions

Any contract between the authority and the insurance corporation shall contain provisions for the recapture by the authority of any profits made by the insurance corporation; but such recapture may be delayed indefinitely if the continued use of funds so derived by the insurance corporation shall be deemed by the authority to promote the purposes of the authority.

KRS 154.20-570

Effective:7/1/1978
Created 1978 Ky. Acts ch. 96, sec. 19, effective7/1/1978.