KRS 164A.550: Definitions for KRS 164A.555 to 164A.630.

As used in KRS 164A.555 to 164A.630 unless the context otherwise requires:

(1) "Governing board" means the board of trustees or board of regents constituting the

corporate bodies established by KRS 164.160 and 164.310 for the purpose of

governing universities and colleges and technical institutions.

(2) "Institutions" means all public supported postsecondary educational institutions in

Kentucky recognized in KRS 164.100, 164.290, 164.580, or 164.810(1)(a).

(3) "Affiliated corporation" means a corporate enti ty which is not a public agency and

which is organized pursuant to the provisions of KRS Chapter 273 over which an

institution exercises effective control, by means of appointments to its board of

directors, and which could not exist or effectively operate in the absence of

substantial assistance from an institution.

(4) "Depository bank" means any bank so designated by the Treasurer of the

Commonwealth as appropriate for receiving public moneys.