{"data":{"id":"us-ky/krs-162.450","jurisdiction":"us-ky","citation":"KRS 162.450","heading":"Payments into fund -- Replacement of expenditures -- Use of interest.","body":"The board of education authorized to establish an insurance fund pursuant to KRS\n162.440 may raise the maximum limit of the insurance fund from time to time as it deems\nbest. Until the amount in the fund equals the maximum limit, the board of education sha ll\neach year, from the revenues under its control, set apart to the fund a sum equal to from\none-twentieth (1/20) to one -tenth (1/10) of the maximum limit of the sum. When any\nportion of the fund is used, payments to restore the fund shall at once be begun  and be\ncontinued until the restoration is complete. When the fund is, for any reason, below the\nmaximum limit, the interest derived from the investment thereof shall be accumulated\nand added to the fund; otherwise the interest may be transferred to the ge neral funds of\nthe board.","path":["KRS Chapter 162"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=43814","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:12Z","sha256":"4a5cda67fe336e6d7113831c8ee95da7822e10b0bfff7867cb7ef11c97dd0482","source_id":"us-ky","stale":false,"prev":"us-ky/krs-162.440","next":"us-ky/krs-162.460"},"notice":"GroundRules: Original legal text. Not legal advice."}