Kentucky Statutes 164.6019 – Kentucky enterprise fund
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(1) There is established and created a trust and agency account entitled the “Kentucky enterprise fund” for the purpose of enabling small or medium-size, Kentucky-based companies to undertake feasibility, concept development, research and development, or commercialization work.
(2) The Kentucky enterprise fund may receive moneys from any public or private source, including but not limited to general fund appropriations of the Commonwealth, grants, or contributions of money, property, labor, or other things of value to be used to carry out the fund’s operations, functions, and responsibilities, and to otherwise make investments.
(3) The Kentucky enterprise fund shall also receive moneys transferred from the Kentucky rural innovation fund under KRS § 164.6027, the Kentucky commercialization fund under KRS § 164.6035, and the Kentucky alternative fuel and renewable energy fund under KRS § 154.20-410.
(4) Any unallocated or unencumbered balances in the fund shall be invested as provided in KRS § 42.500(9), and any income earned from the investments along with the unallotted or unencumbered balances in the fund shall not lapse, and shall be made available solely for the purposes and benefits of the Kentucky enterprise fund.
Effective: April 8, 2022
History: Amended 2022 Ky. Acts ch. 146, sec. 3, effective April 8, 2022. — Amended
2021 Ky. Acts ch. 185, sec. 134, effective June 29, 2021. — Amended 2008 Ky. Acts ch. 98, sec. 2, effective July 15, 2008. — Created 2000 Ky. Acts ch. 522, sec. 5, effective July 14, 2000.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, B, 1, (3) at 1654.
(2) The Kentucky enterprise fund may receive moneys from any public or private source, including but not limited to general fund appropriations of the Commonwealth, grants, or contributions of money, property, labor, or other things of value to be used to carry out the fund’s operations, functions, and responsibilities, and to otherwise make investments.
Terms Used In Kentucky Statutes 164.6019
- 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
- Public: means operated with state support. See Kentucky Statutes 164.001
(3) The Kentucky enterprise fund shall also receive moneys transferred from the Kentucky rural innovation fund under KRS § 164.6027, the Kentucky commercialization fund under KRS § 164.6035, and the Kentucky alternative fuel and renewable energy fund under KRS § 154.20-410.
(4) Any unallocated or unencumbered balances in the fund shall be invested as provided in KRS § 42.500(9), and any income earned from the investments along with the unallotted or unencumbered balances in the fund shall not lapse, and shall be made available solely for the purposes and benefits of the Kentucky enterprise fund.
Effective: April 8, 2022
History: Amended 2022 Ky. Acts ch. 146, sec. 3, effective April 8, 2022. — Amended
2021 Ky. Acts ch. 185, sec. 134, effective June 29, 2021. — Amended 2008 Ky. Acts ch. 98, sec. 2, effective July 15, 2008. — Created 2000 Ky. Acts ch. 522, sec. 5, effective July 14, 2000.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, B, 1, (3) at 1654.