KRS 164.7877: Kentucky educational excellence scholarship trust fund -- Funding

sources, including lottery revenues.

(1) There is established in the State Treasury a permanent and perpetual fund to be

known as the "Wallace G. Wilkinson Kentucky Educational Excellence Scholarship

Trust Fund" to which shall be credited net lottery revenues transferred in accordance

with KRS 154A.130; gifts; bequests; endowments; grants from the United States

government, its agencies, and instrumentalities; and funds received from any other

sources, public or private.

(2) The moneys in the fund are hereby continuously appropriated only for the purposes

set forth in KRS 164.7871 to 164.7885 and KRS 164.7889.

(3) The authority shall administer the Kentucky educational excellence scholarship trust

fund.