Kentucky Statutes 131.585 – State debt offset account
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There is hereby created within the Department of Revenue a state debt offset account, which will be subject to the provisions of the restricted fund group, as provided in KRS
48.010(15)(f), and all funds collected under KRS § 131.565(6) shall be credited thereto with only the expenses of the Department of Revenue related to development, implementation and administration of KRS § 131.560 to KRS § 131.595 to be paid therefrom. This account shall not lapse.
Effective: June 25, 2009
History: Amended 2009 Ky. Acts ch. 78, sec. 37, effective June 25, 2009. — Amended
2005 Ky. Acts ch. 85, sec. 152, effective June 20, 2005. — Amended 2004 Ky. Acts ch. 118, sec. 6, effective July 13, 2004. — Created 1984 Ky. Acts ch. 405, sec. 12, effective July 13, 1984.
48.010(15)(f), and all funds collected under KRS § 131.565(6) shall be credited thereto with only the expenses of the Department of Revenue related to development, implementation and administration of KRS § 131.560 to KRS § 131.595 to be paid therefrom. This account shall not lapse.
Terms Used In Kentucky Statutes 131.585
- Department: means the Department of Revenue. See Kentucky Statutes 131.010
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
Effective: June 25, 2009
History: Amended 2009 Ky. Acts ch. 78, sec. 37, effective June 25, 2009. — Amended
2005 Ky. Acts ch. 85, sec. 152, effective June 20, 2005. — Amended 2004 Ky. Acts ch. 118, sec. 6, effective July 13, 2004. — Created 1984 Ky. Acts ch. 405, sec. 12, effective July 13, 1984.