KRS 154.35-040: Kentucky Research and Development Infrastructure fund.

There is established a fund entitled the "Kentucky Research and Development

Infrastructure Fund" for the purposes and benefit of the Kentucky Research and

Development Infrastructure. The fund may receive state appropriations, gifts, grants, and

any other funds both public and private. Moneys deposited in the fund shall be disbursed

by the State Treasurer upon the warrant of the secretary of Finance and Administration

Cabinet. Any unallotted or unencumbered balances in the fund shall be invested as

provided in KRS 42.500(6), and any income earned from the investments along with the

unallotted or unencumbered balances in the fund shall not lapse, and shall be deemed a

trust and agency account and made available solely for the purposes and benefits of the

Kentucky Research and Development Infrastructure.