Kentucky Statutes 14.140 – Trust fund to establish, operate, and maintain procedures required by KRS Chapter 275 and KRS 362.555 to 362.605 — Expiration of section on July 15, 1996
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(1) There is hereby established a trust fund in the Treasury of the Commonwealth for use by the Secretary of State. The Secretary of State shall use the trust fund solely to establish, operate, and maintain procedures required by KRS Chapter 275 and KRS § 362.555 to KRS § 362.605. The Secretary of State may request, and the request shall be honored, that the funds be invested and reinvested to establish, operate, and maintain procedures required by KRS Chapter 275 and KRS § 362.555 to KRS § 362.605.
(2) The trust fund shall be credited with fees generated pursuant to KRS § 275.055 and
362.555(3) as well as income from the investment and reinvestment of funds in the trust fund.
(3) The provisions of this section shall expire two (2) years from July 15, 1994. At that time, funds remaining in the trust fund shall revert to the general fund.
Effective: July 15, 1994
History: Created 1994 Ky. Acts ch. 389, sec. 108, effective July 15, 1994.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, A, 15, (1) at 1642.
(2) The trust fund shall be credited with fees generated pursuant to KRS § 275.055 and
Terms Used In Kentucky Statutes 14.140
- branch budget: means an enactment by the General Assembly which provides appropriations and establishes fiscal policies and conditions for the biennial financial plan for the judicial branch, the legislative branch, and the executive branch, which shall include a separate budget bill for the Transportation Cabinet. See Kentucky Statutes 446.010
362.555(3) as well as income from the investment and reinvestment of funds in the trust fund.
(3) The provisions of this section shall expire two (2) years from July 15, 1994. At that time, funds remaining in the trust fund shall revert to the general fund.
Effective: July 15, 1994
History: Created 1994 Ky. Acts ch. 389, sec. 108, effective July 15, 1994.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, A, 15, (1) at 1642.