KRS 42.540: Annual reports of nonprofit fiduciary holding funds for benefit of state

organization.

Notwithstanding KRS 41.290, every nonprofit fiduciary holding funds for the benefit of

any form of state organization, including, but not limited to, Eastern Kentucky University,

Kentucky State University, Morehead State University, Murray State University,

Northern Kentucky University, University of Kentucky, University of Louisville, Western

Kentucky University, Kentucky Community and Technical College System, and the State

Fair Board shall make a report according to generally accepted accounting principles of

all money received and disbursed during each fiscal year, on or before the fifteenth of

July, showing receipts, expenditures, depositories, rates of interest p aid by depositories,

investments, and rates of return in investments to the Office of the Controller. These

fiduciaries include, but are not limited to, Eastern Kentucky University Foundation;

Kentucky State University Foundation, Inc.; Morehead State Univ ersity Foundation, Inc.;

Morehead Alumni Foundation, Inc.; Eagle Athletic Foundation, Inc.; Murray State

University Foundation; Northern Kentucky University Foundation, Inc.; University of

Kentucky Research Foundation; University of Kentucky Athletics Asso ciation; the Fund

for the Advancement of Education and Research in the University of Kentucky Medical

Center; Health Care Collection Service, Inc.; McDowell Cancer Network, Inc.; University

of Kentucky -Business Partnership Foundation, Inc.; Kentucky Medica l Services

Foundation, Inc.; University of Louisville Foundation, Inc.; University of Louisville

Hospital, Inc.; University of Louisville Institute of Industrial Research, Inc.; University of

Louisville Medical School Fund, Inc.; the College Heights Founda tion; KFEC Research

and Development Foundation, Inc.; Kentucky Export Resources Authority, Inc.; and all

similar nonprofit fiduciaries for the benefit of any form of state organization and their

successors.