# KRS § 157.067: 157.067 Kentucky successful schools trust fund

> Kentucky · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C157_S157.067

## Section

- **Citation:** KRS § 157.067
- **Heading:** 157.067 Kentucky successful schools trust fund
- **Jurisdiction:** Kentucky
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** KY Code / Title XIII / Chapter 157 / Section 157.067

## Text

157.067 Kentucky successful schools trust fund.

(1) To carry out the purpose of rewarding successful schools as provided in KRS

Chapter 158, the Kentucky successful schools trust fund is hereby established in the

Finance and Administration Cabinet. Funds appropriated by the General Assembly

in each biennial budget for payments of rewards to successful schools shall be

credited to the fund and invested until needed for payments to successful schools.

All interest earned on moneys in the funds shall be retained in the fund for

reinvestment.

(2) Upon certification of eligibility by the Kentucky Board of Education, the Finance

and Administration Cabinet shall issue a warrant and the State Treasurer shall issue

a check to the eligible school. All moneys credited to the fund, including interest,

shall be used only for payments to eligible schools and shall not lapse, but shall be

carried forward in the next biennial budget.

## Nearby sections

- [KRS § 157.010 157.010 Elements of the school fund](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C157_S157.010.md)
- [KRS § 157.030 157.030 Net revenue to be distributed -- Incidental expenses not to be deducted](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C157_S157.030.md)
- [KRS § 157.060 157.060 Reports of funds received and spent by school districts](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C157_S157.060.md)
- [KRS § 157.063 157.063 Adaptive Kindergarten Readiness Pilot Project -- Selection of provider -- Duties -- Report](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C157_S157.063.md)
- [KRS § 157.065 157.065 School breakfast program -- Annual report by schools not offering](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C157_S157.065.md)
- [KRS § 157.067 157.067 Kentucky successful schools trust fund](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C157_S157.067.md)
- [KRS § 157.069 157.069 Definitions -- Distribution of general funds for converted career and technical education centers -- Career and technical education innovation and support fund -- Distribution of funds to state-operated area technology centers and locally operated career and technical education in certain fiscal years -- Oversight by the Office of Career and Technical Education -- Administrative regulations -- Publication of information on Kentucky Department of Education website](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C157_S157.069.md)
- [KRS § 157.072 157.072 Career and technical education accessibility fund](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C157_S157.072.md)
- [KRS § 157.075 157.075 Differentiated compensation plans -- Professional compensation fund -- Department of Education recommendations on teacher compensation](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C157_S157.075.md)
- [KRS § 157.077 157.077 Support for summer learning programs -- Segregation and use of funds](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C157_S157.077.md)
- [KRS § 157.100 157.100 Funds for textbooks, programs, and instructional regulation for free distribution](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C157_S157.100.md)
- [KRS § 157.110 157.110 Determination of grades and subjects to be provided with textbooks -- Rental of textbooks -- Free textbooks for certain students](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C157_S157.110.md)
- [KRS § 157.140 157.140 Responsibility for books not returned -- Enforcement](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C157_S157.140.md)
- [KRS § 157.145 157.145 Rebinding of textbooks](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C157_S157.145.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C157_S157.067. Check the current official text before relying on it. Not legal advice.