Kentucky Statutes 246.247 – Agricultural program trust fund
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(1) The agricultural program trust fund is hereby created as a separate revolving fund to be administered by the Department of Agriculture.
(2) The fund shall consist of moneys deposited in the fund pursuant to KRS § 186.050 and any other proceeds from grants, contributors, appropriations, or other moneys available for purposes of the trust fund.
(3) Moneys in the fund shall be used for agricultural programs administered by the department.
(4) Notwithstanding KRS § 45.229, any balance remaining in the fund at the end of a fiscal year shall not lapse. Any balance remaining at the end of a fiscal year shall be carried forward to the next fiscal year. Any interest earnings of the fund shall become part of the revolving fund and shall not lapse.
Effective: March 6, 2009
History: Created 2009 Ky. Acts ch. 3, sec. 1, effective March 6, 2009.
(2) The fund shall consist of moneys deposited in the fund pursuant to KRS § 186.050 and any other proceeds from grants, contributors, appropriations, or other moneys available for purposes of the trust fund.
Terms Used In Kentucky Statutes 246.247
- Agriculture: means the business of raising or producing:
(a) Crops, the products of which are used for food, feed, fiber, energy, or pharmaceuticals. See Kentucky Statutes 246.010 - Department: means the Department of Agriculture. See Kentucky Statutes 246.010
- 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.
- Year: means calendar year. See Kentucky Statutes 446.010
(3) Moneys in the fund shall be used for agricultural programs administered by the department.
(4) Notwithstanding KRS § 45.229, any balance remaining in the fund at the end of a fiscal year shall not lapse. Any balance remaining at the end of a fiscal year shall be carried forward to the next fiscal year. Any interest earnings of the fund shall become part of the revolving fund and shall not lapse.
Effective: March 6, 2009
History: Created 2009 Ky. Acts ch. 3, sec. 1, effective March 6, 2009.