KRS 154.20-040: Loan insurance account -- Deposits -- Money transferred.

(1) Loan insurance shall be funded by an account, which shall be established and

managed by the authority, to be known as the loan insurance account.

(2) The authority shall pay into the account any money appropriated or otherwise

provided by this state for th at purpose; any money which the authority receives as

fees or premiums for its provision of loan, lease, or debenture insurance; loan, lease,

or debenture guarantees; or letters of credit; and any other money made available to

the authority for the purpose of loan insurance from any other source, public or

private.

(3) Money in the loan insurance account may be transferred into any other account

established by the authority, unless the authority is otherwise obligated to retain the

money in the loan insuran ce account or if the money was appropriated by this state

solely for that purpose.