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has been due and owing to the university for more than sixty (60) days and the efforts of the university to collect those debts.
- (b)The council shall provide an annual update on the debts and collection efforts reported under paragraph (a) of this subsection to the Governor and the Legislative Research Commission.
- (c)The quarterly reporting required in paragraph (a) of this subsection shall continue for the entire duration of the financial exigency declared in Section 1 of this Act and may continue at the discretion of the council at a frequency determined by the council thereafter.
→SECTION 4. A NEW SECTION OF KRS CHAPTER 164 IS CREATED TO READ AS FOLLOWS:
(1) Kentucky State University shall:
- (a)Diligently attempt to collect debts and refer all debts in excess of one thousand dollars ($1,000) that have been due and owing for more than ninety (90) days to the Department of Revenue for collection in accordance with KRS 45.238;
- (b)Have the unfettered right to intercept federal income tax refunds and state income tax refunds, pursuant to applicable federal regulations and KRS 131.560 to 131.595, to satisfy any debts; and
- (c)Intercept any federal income tax refunds and state income tax refunds to
satisfy any debt in excess of one thousand dollars ($1,000).
- Notwithstanding KRS 131.565 or any other statute to the contrary, the Department of Revenue shall not decline the withholding of individual income tax refunds for debts referred to the department by Kentucky State University.
Section 5. KRS 164.290 is amended to read as follows:
[(1)——]The state colleges formerly designated as Eastern Kentucky State College,
Morehead State College, Murray State College, Western Kentucky State College,