KRS 164.593: Paducah College may be included in system pursuant to agreement.

(1) The board of regents for the Kentucky Community and Technical College System

shall recognize previous actions under prior law.

(2) Paducah Junior College may be included in the system provided for by KRS

164.580 upon the concurrence of the board of trustees of the University of Kentucky

and the board of trustees of Paducah Junior College. Following the concurrence of

the two (2) boards, an agreement shall be executed between the board and the board

of trustees providing for the conversion of the existing fa cilities of Paducah Junior

College and containing other provisions the parties deem appropriate and desirable,

provided that any agreement executed under this subsection shall be subject to the

management of the Kentucky Community and Technical College Sys tem under the

provisions of KRS 164.5807.

(3) The agreement required by subsection (2) may provide for the transfer to the board

of any funds accruing to Paducah Junior College as the result of any contract or

agreement with any agency or instrumentality o f the United States or the

Commonwealth of Kentucky including any funds accruing pursuant to KRS

164.027.

(4) Upon the execution of the agreement required by subsection (2), any taxes levied

under KRS 165.170 or 165.175 and paid to the trustees shall continue to be received

by the board of trustees of Paducah Junior College. However, the trustees may in

the agreement provide for the expenditure of the taxes levied for such purposes as

the trustees and the board may mutually agree.