KRS 154.20-140: Negotiations with other agencies -- Construction of authority's powers

and obligations.

(1) The authority may negotiate with other agencies of the state government to obtain

the use of moneys which such agencies are authorized to invest in governme nt

obligations. Funds so negotiated shall be transferred on an inter -account basis to the

appropriate fund of the authority. The authority may also negotiate with the State

Property and Buildings Commission for the issuance and sale of revenue or other

authorized bonds in accordance with the methods prescribed in KRS 56.520 for the

purposes of this chapter.

(2) Nothing in this chapter shall be construed to give the authority power to pledge the

credit or taxing power of the Commonwealth or any of its political subdivisions.