{"data":{"id":"us-ky/krs-164a.335","jurisdiction":"us-ky","citation":"KRS 164A.335","heading":"Program and administrative funds for savings plan trust -- Investment","body":"and payments from funds.\nThe board, as trustee, shall segregate moneys received by the savings plan trust into two\n(2) funds, which shall be identified as the program fund and the administrative fund.\nTransfers may be made from the program fund to the administrative fund for the purpose\nof paying operating costs associated with administering the trust and as required by KRS\n164A.300 to 164A.380. All moneys credited to the administra tive fund shall be deposited\nin accordance with KRS 41.070. All moneys paid by participants in connection with\nparticipation agreements shall be deposited as received into the program fund and shall be\npromptly invested and accounted for separately. Contri butions shall be accounted for\nseparately for each beneficiary. Deposits and interest thereon accumulated on behalf of\nparticipants in the program fund of the savings plan trust may be used for payments to\nany institution of higher education.","path":["KRS Chapter 164A"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=4563","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:51:19Z","sha256":"1b72bd63c53aa8da3a3cd17153c370038c3b7fbcebde03abc9b4491817578282","source_id":"us-ky","stale":false,"prev":"us-ky/krs-164a.330","next":"us-ky/krs-164a.337"},"notice":"GroundRules: Original legal text. Not legal advice."}