KRS 41.290: Private funds and contributions.

Every department, institution or other agency of the state government having private

funds or contributions available for its support or for the purpose of defraying the

expenses of any work done under its direction shall deposit such funds or contribution s

with the Treasurer, and shall certify to the Finance and Administration Cabinet the

sources from which the funds or contributions were received, the terms and conditions

under which, and the purpose for which, they were received, the names of the trustee s or

administrators of the funds or contributions, and the name of the person authorized to

approve expenditures from each fund or contribution. All disbursements from such funds

and contributions shall be made by the Treasurer on the warrants of the Finan ce and

Administration Cabinet, which shall issue such warrants only upon adequate vouchers

approved by the person authorized to approve the expenditures. Separate accounting shall

be made for each such contribution, and the receipts and disbursements there of shall be

maintained by the Finance and Administration Cabinet. This section does not apply to

private funds of students in state educational institutions nor to the private funds of

patients or prisoners in state charitable or correctional institutions, when such funds are

deposited with an officer of such institutions for safekeeping, nor to the private funds or

contributions made and available to the governing boards of the state supported

institutions of higher learning.