KRS 164A.030: Corporation is de jure municipal corporation and political subdivision.

The General Assembly of the Commonwealth of Kentucky hereby finds and determines

that in carrying out its functions, powers and duties as prescribed in this chapter, the

corporation will be performing vital public purposes in improving and promoting the

public welfare and prosperity of the people of the Commonwealth of Kentucky by

promoting the availability of higher educational opportunities. Accordingly, the

corporation is constituted as and shall be an independent de jure municipal corporation

and political subdivision of the Commonwealth of Kentucky.