KRS 201.200: Limitation on expenditures -- Board may borrow money.

(1) The board shall not in any one (1) year, expend for the maintenance of the home

and the carrying out of the purposes of this chapter, more than the total sum derived

through the appropriations for the year as provided in KRS 201.170, as

supplemented by funds given to the board for such purposes and the funds derived

from the sale or income of property given to the board for such purposes and by the

income of the home for the year.

(2) The board may borrow money on its own credit in anticipation of the reve nue to be

derived from appropriations or other income for the fiscal year in which the money

is borrowed. For such purpose, the board may pledge the appropriations authorized

under KRS 201.160 and 201.170. No money borrowed through the pledge of

appropriations authorized under KRS 201.160 shall be expended for any purposes

other than those named in that section; and no money borrowed through the pledge

of appropriations authorized under KRS 201.170 shall be expended for any

purposes other than those named in that section.