# KRS § 164A.070: 164A.070 Status of obligations issued by corporation

> Kentucky · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.070

## Section

- **Citation:** KRS § 164A.070
- **Heading:** 164A.070 Status of obligations issued by corporation
- **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.070

## Text

164A.070 Status of obligations issued by corporation.

(1) Obligations issued under the provisions of this chapter shall not be deemed to

constitute a debt, liability or obligation of the state or a pledge of the faith and credit

of the state, but shall be payable solely from the revenues or assets of the

corporation. Each obligation issued under this chapter shall contain on the face

thereof a statement to the effect that the corporation shall not be obligated to pay the

same nor the interest thereon except from the revenues or assets pledged therefor

and that neither the faith and credit nor the taxing power of the state is pledged to

the payment of the principal of or the interest on such obligation.

(2) Expenses incurred by the corporation in carrying out the provisions of this chapter

may be made payable from funds provided pursuant to this chapter and no liability

shall be incurred by the corporation hereunder beyond the extent to which moneys

shall have been so provided.

## 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)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_KY_TXIII_C164A_S164A.070. Check the current official text before relying on it. Not legal advice.