Pursuant to Kentucky Revised Statutes 164.350(2), each university board has the power and duty to “adopt bylaws, rules, and regulations for the governance of” their institution. In accordance with KRS 164.350(2), The Gold Book: Bylaws of Kentucky State University Board of Regents, Article II, Section 2(k), reiterates that, “[the Board acts] as a policy-making body by adopting policy statements of governance and operations of the University”.

As such, the Board of Regents of Kentucky State University has declared that the University shall be governed by Board-adopted policies (“Policies”) and University-adopted procedures (“Procedures”). It is the expectation of the Board of Regents that the University President and administration will develop a system of procedures/processes that will aide in the implementation of policies that manage routine operations of the University. By way of the Policy on Policies, the Board of Regents established the process for the development, adoption, and management of all University policies. The Board retains full policy-making authority and delegates to the President the authority to approve internally developed procedures and interim policies.

House Bill 250 (2022) directed the Council on Postsecondary Education to establish a Management and Improvement Plan for the University. The Council’s Plan requires the University to review endowment agreements and execute new agreements where needed. It further instructs that when no endowment agreement exists in the University’s files, an internal agreement may be established to ensure a governing document is on file for all campus endowments.

All new Internal Endowment Agreements must use the template [See Appendix I]. The template components include the following:

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