KRS 164A.555: Transfer of funds to institutions.

The secretary of the Finance and Administration Cabinet shall issue warrants authorizing

the Treasurer of the Commonwealth of Kentucky to pay to the treasurer of each

institution any amounts due by virtue of the state appropriations for that institution, o r

transfer the amount due electronically if electronic transfer is authorized by statute. The

transfer of funds shall be handled in a manner to assure a zero (0) balance in the general

fund account at the university.