Kentucky Statutes 211.504 – Spinal cord and head injury research trust fund
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(1) The revenues received from the disbursements provided under KRS § 42.320(2)(c) shall be credited to the spinal cord and head injury research trust fund which is hereby created.
(2) Federal funds or other funds which may be made available to supplement or match state funds for spinal cord and head injury research programs provided for by KRS
211.500 to 211.504 shall be credited to the trust fund created in subsection (1) of this section.
(3) Funds deposited to the credit of the spinal cord and head injury research trust fund shall be used to finance the spinal cord and head injury research programs authorized under the provisions of KRS § 211.500 to KRS § 211.504 and for the operation of the Kentucky Spinal Cord and Head Injury Research Board. Funds for research shall only be used for spinal cord and head injury research undertaken by the University of Kentucky or University of Louisville.
(4) Funds unexpended at the close of a fiscal year shall not lapse but shall be carried forward to the next fiscal year or biennium, but any surplus shall be included in the budget considered and approved by the board for the ensuing period.
Effective: August 1, 2002
History: Amended 2002 Ky. Acts ch. 183, sec. 22, effective August 1, 2002. — Created
1994 Ky. Acts ch. 403, sec. 6, effective July 15, 1994.
(2) Federal funds or other funds which may be made available to supplement or match state funds for spinal cord and head injury research programs provided for by KRS
Terms Used In Kentucky Statutes 211.504
- Biennium: means the two (2) year period commencing on July 1 in each even- numbered year and ending on June 30 in the ensuing even-numbered year. See Kentucky Statutes 446.010
- Federal: refers to the United States. See Kentucky Statutes 446.010
- 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
211.500 to 211.504 shall be credited to the trust fund created in subsection (1) of this section.
(3) Funds deposited to the credit of the spinal cord and head injury research trust fund shall be used to finance the spinal cord and head injury research programs authorized under the provisions of KRS § 211.500 to KRS § 211.504 and for the operation of the Kentucky Spinal Cord and Head Injury Research Board. Funds for research shall only be used for spinal cord and head injury research undertaken by the University of Kentucky or University of Louisville.
(4) Funds unexpended at the close of a fiscal year shall not lapse but shall be carried forward to the next fiscal year or biennium, but any surplus shall be included in the budget considered and approved by the board for the ensuing period.
Effective: August 1, 2002
History: Amended 2002 Ky. Acts ch. 183, sec. 22, effective August 1, 2002. — Created
1994 Ky. Acts ch. 403, sec. 6, effective July 15, 1994.