# KRS § 164A.011: 164A.011 Plans for organization and operation of corporation and of Kentucky Higher Education Assistance Authority -- Code of ethics > Kentucky · Statutes · In force URL: https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.011 ## Section - **Citation:** KRS § 164A.011 - **Heading:** 164A.011 Plans for organization and operation of corporation and of Kentucky Higher Education Assistance Authority -- Code of ethics - **Jurisdiction:** Kentucky - **Kind:** Statutes - **Status:** In force - **Text as of:** August 14, 2026 - **Source:** Compiled text - **Location:** KY Code / Title XIII / Chapter 164A / Section 164A.011 ## Text 164A.011 Plans for organization and operation of corporation and of Kentucky Higher Education Assistance Authority -- Code of ethics. (1) By January 1, 1997, the board of the Kentucky Higher Education Assistance Authority and the board of the Kentucky Higher Education Student Loan Corporation shall prepare and submit to the Governor, the Legislative Research Commission, and the Finance and Administration Cabinet a plan for the future organization and operation of the respective agencies. The plans shall be prepared according to the preprivatization guide established by the Privatization Commission and shall include, but not be limited to, detailed information on the following: (a) The new or expanded businesses or services the boards may want to engage in, and the financing thereof, or which may be available to enhance the boards' role in the student loan business; (b) The new or expanded businesses or services the boards may want to engage in, and the financing thereof, or which may be available to enhance the boards' role in the financial market; (c) A proposed and transitional personnel system to meet the needs of any proposed organization and operations of the authority or corporation that shall include but not be limited to: 1. A salary and compensation plan; and 2. Personnel benefits including health insurance coverage, deferred compensation opportunities, workers' compensation, life insurance coverage, a retirement plan and merit system rights; and (d) The process to be used by the authority and the corporation in the development and implementation of their respective operating budgets, including the methodology for the transfer of funds between the entities and the involvement of the executive branch and the General Assembly in their budget process. (2) The plan shall include a proposed code of ethics to apply to all members of the boards, officers, and employees of the respective agencies. The code of ethics adopted shall include, but not be limited to, provisions that set forth: (a) Standards of conduct; (b) Requirements for filing and maintaining annual financial disclosure statements, which shall be open to public inspection; (c) A policy on the employment of members of the families of members of the boards, officers, and employees; (d) The designation of a person or group responsible for enforcement of the code of ethics, maintenance of financial disclosure records, and receipt and investigation of complaints of violation of the code of ethics; and (e) The penalties for violation of the code of ethics. ## Nearby sections - [KRS § 164A.010 164A.010 Findings -- Determinations -- Intent](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.010.md) - [KRS § 164A.011 164A.011 Plans for organization and operation of corporation and of Kentucky Higher Education Assistance Authority -- Code of ethics](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.011.md) - [KRS § 164A.020 164A.020 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.020.md) - [KRS § 164A.030 164A.030 Corporation is de jure municipal corporation and political subdivision](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.030.md) - [KRS § 164A.040 164A.040 Purpose](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.040.md) - [KRS § 164A.050 164A.050 Kentucky Higher Education Student Loan Corporation -- Establishment -- Organization -- Terms -- Duties -- Removal -- Expenses -- Relationship with other educational entities](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.050.md) - [KRS § 164A.055 164A.055 Asset Resolution Corporation -- Purpose -- Powers -- Compensation](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.055.md) - [KRS § 164A.060 164A.060 Powers of corporation](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.060.md) - [KRS § 164A.065 164A.065 Powers of corporation as to supplemental student loans](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.065.md) - [KRS § 164A.070 164A.070 Status of obligations issued by corporation](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.070.md) - [KRS § 164A.080 164A.080 Bond issue -- Amount -- Interest -- Use of proceeds -- Approval of General Assembly required for certain bond or note issuances -- Exception](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.080.md) - [KRS § 164A.090 164A.090 Trust agreements authorized](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.090.md) - [KRS § 164A.100 164A.100 Pledge of assets or revenues of corporation](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.100.md) - [KRS § 164A.110 164A.110 All moneys received deemed trust funds](https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.110.md) --- Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.011. Check the current official text before relying on it. Not legal advice.