Kentucky Administrative Regulations Title 755 - MOREHEAD STATE UNIVERSITY
Here’s a summary of Kentucky Administrative Regulations – Title 755 (Morehead State University):
🏛️ Overview of Title 755
Title 755 – Morehead State University outlines administrative regulations governing the governance, operations, and financial procedures of the institution, as adopted by its Board of Regents. It currently includes Chapter 001 – Board of Regents, last updated on March 10, 2025 (apps.legislature.ky.gov).
📋 Chapter 001 – Board of Regents
This chapter contains several key sections, including regulations on finance and procurement. Two prominent sections include:
755 KAR 1:010 – Acquisition and Disbursement of Funds, Accounting System, Records and Annual Report
The Board of Regents elects to carry out the financial management duties outlined in KRS 164A.555–164A.630 (covering receipt, deposit, collection, retention, investment, disbursement, bookkeeping, etc.).
It specifically opts to limit disbursements in accordance with KRS 164A.560(2)(b), meaning funds are used only for their intended accounts and purposes as set out in the approved annual operating budget.
Accounting must use an accrual basis and conform with GAAP standards as outlined by NACUBO and AICPA, ensuring compliance with sections of KRS 164A.565 (apps.legislature.ky.gov).
Effectively, this regulation formalizes Morehead State’s independent financial operations within the statutory framework, with a current certification expiration of December 16, 2026 (apps.legislature.ky.gov).
755 KAR 1:040 – Purchase, Inventories, Sales of Surplus Property Procedures
Provides guidelines for procurement processes, inventory controls, and the procedures for handling and selling surplus property.
Current through Kentucky Register Vol. 51, No. 9 (March 1, 2025) (regulations.justia.com).
🔍 How to Access the Full Text
The official Kentucky Legislative Research Commission hosts the full regulatory text of Title 755, including Chapter 001 and all sections like 1:010 and 1:040 (apps.legislature.ky.gov).
Secondary sources such as Justia and Cornell’s LII also offer access to these regulations. Justia cautions that it may not reflect the absolute latest versions, so verify via the state site (regulations.justia.com).
✅ Recommended Actions
If you're looking to review or cite any specific regulation under Title 755, consider:
Visiting the Legislative Research Commission website for the official, up-to-date wording.
Downloading the PDFs or Word documents available for detailed citations and historical tracking.
Tracking updates via the Kentucky Register, which typically issues quarterly updates.
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