Kentucky Revised Statutes Title XII. Conservation and State Development § 154.35-044.Allocation of fund moneys by council; limitations

(1) The council may retain not more than eight percent (8%) of the deposits into the fund in any budget year for the central administration of the infrastructure;

(2) After payment of expenses for central administration, not more than twenty-five percent (25%) of the remainder of the fund in any budget year shall be allocated to basic research centers and the balance shall be allocated to applied research centers;

(3) Not more than twenty percent (20%) of the total moneys allocated to applied research centers in any budget year shall be allocated to any one (1) applied research center; and

(4) All moneys allocated to the contracting universities for the operation of the centers shall be paid out in accordance with contracts entered into between the council and the universities;

(5) Notwithstanding the provisions of subsections (1) to (3) of this section: