Kentucky Statutes 198B.4037 – Elevator safety program trust fund
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(1) The elevator safety program trust fund is created in the State Treasury as a separate revolving fund to be administered by the department. The trust fund shall consist of amounts deposited in the fund as provided in KRS § 198B.530 and any other proceeds from grants, contributions, appropriations, or other money made available for the purposes of the trust fund.
(2) Notwithstanding KRS § 45.229, any moneys remaining in the fund at the close of the fiscal year shall not lapse but shall be carried forward to the next fiscal year to be used for the purposes set forth in this section.
(3) Any interest earnings of the trust fund shall become a part of the trust fund and shall not lapse.
(4) Trust fund moneys shall be used and are hereby appropriated for reasonable administrative expenses associated with the elevator safety.
Effective: June 29, 2017
History: Amended 2017 Ky. Acts ch. 169, sec. 22, effective June 29, 2017. — Created
2010 Ky. Acts ch. 116, sec. 18, effective July 1, 2011.
2020-2022 Budget Reference. See State/Executive Branch Budget, 2020 Ky. Acts ch.
92, Pt. V, H, 3 at 941.
Legislative Research Commission Note (7/1/2011). A reference to the “Office of
Housing, Buildings and Construction” in this section, as created by 2010 Ky. Acts ch.
116, sec. 18, has been changed in codification to the “Department of Housing, Buildings and Construction” to reflect the reorganization of certain parts of the Executive Branch, as set forth in Executive Order 2009-535 and confirmed by the General Assembly in 2010 Ky. Acts ch. 24. This change was made by the Reviser of Statutes pursuant to 2010 Ky. Acts ch. 24, sec. 1938.
(2) Notwithstanding KRS § 45.229, any moneys remaining in the fund at the close of the fiscal year shall not lapse but shall be carried forward to the next fiscal year to be used for the purposes set forth in this section.
Terms Used In Kentucky Statutes 198B.4037
- 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
- Department: means the Department of Housing, Buildings and Construction. See Kentucky Statutes 198B.010
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- Year: means calendar year. See Kentucky Statutes 446.010
(3) Any interest earnings of the trust fund shall become a part of the trust fund and shall not lapse.
(4) Trust fund moneys shall be used and are hereby appropriated for reasonable administrative expenses associated with the elevator safety.
Effective: June 29, 2017
History: Amended 2017 Ky. Acts ch. 169, sec. 22, effective June 29, 2017. — Created
2010 Ky. Acts ch. 116, sec. 18, effective July 1, 2011.
2020-2022 Budget Reference. See State/Executive Branch Budget, 2020 Ky. Acts ch.
92, Pt. V, H, 3 at 941.
Legislative Research Commission Note (7/1/2011). A reference to the “Office of
Housing, Buildings and Construction” in this section, as created by 2010 Ky. Acts ch.
116, sec. 18, has been changed in codification to the “Department of Housing, Buildings and Construction” to reflect the reorganization of certain parts of the Executive Branch, as set forth in Executive Order 2009-535 and confirmed by the General Assembly in 2010 Ky. Acts ch. 24. This change was made by the Reviser of Statutes pursuant to 2010 Ky. Acts ch. 24, sec. 1938.