Kentucky Statutes 260.866 – Hemp program fund
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(1) The hemp program fund is hereby created as a separate trust fund in the State Treasury. The fund shall consist of amounts received from appropriations, and any other proceeds from gifts, grants, federal funds, application fees, or license fees provided by KRS § 260.862, civil penalties as provided by KRS § 260.864, and any other funds, both public and private, made available for purposes of KRS § 260.850 to KRS § 260.869.
(2) The hemp program fund shall be administered by the department.
(3) Amounts deposited in the hemp program fund shall be used for the costs of personnel, program administration, testing, actual travel expenses of the advisory board established under KRS § 260.860, and any other costs incurred while conducting the hemp programs under KRS § 260.850 to KRS § 260.869.
(4) Notwithstanding KRS § 45.229, the hemp program fund amounts not expended at the close of a fiscal year shall not lapse but shall be carried forward into the next fiscal year.
(5) Any interest earnings of the hemp program fund shall become part of the fund and shall not lapse.
(6) Moneys in the fund are hereby appropriated for the purposes set forth in this section and shall not be appropriated or transferred by the General Assembly for any other purposes.
Effective: February 10, 2020
History: Amended 2020 Ky. Acts ch. 1, sec. 9, effective February 10, 2020. — Created
2017 Ky. Acts ch. 45, sec. 8, effective March 20, 2017.
Legislative Research Commission Note (3/20/2017). 2017 Ky. Acts ch. 45 contained 13 sections. Sections 1 to 10 of that Act amended, repealed and reenacted, or created statutes relating to the industrial hemp research program found in the statutory range of KRS § 260.850 to KRS § 260.869. Sections 11 and 12 amended or created statutes in other KRS chapters, and Section 13 repealed some statutes within KRS § 260.850 to
260.869. The correct reference should have been to only Sections 1 to 10 of this Act, the relevant range affecting the industrial hemp research program, and in codification the Reviser of Statutes has codified that language in this statute accordingly under the authority of KRS § 7.136(1)(h) to correct manifest clerical or typographical errors.
(2) The hemp program fund shall be administered by the department.
Terms Used In Kentucky Statutes 260.866
- 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
- Statute: A law passed by a legislature.
- Year: means calendar year. See Kentucky Statutes 446.010
(3) Amounts deposited in the hemp program fund shall be used for the costs of personnel, program administration, testing, actual travel expenses of the advisory board established under KRS § 260.860, and any other costs incurred while conducting the hemp programs under KRS § 260.850 to KRS § 260.869.
(4) Notwithstanding KRS § 45.229, the hemp program fund amounts not expended at the close of a fiscal year shall not lapse but shall be carried forward into the next fiscal year.
(5) Any interest earnings of the hemp program fund shall become part of the fund and shall not lapse.
(6) Moneys in the fund are hereby appropriated for the purposes set forth in this section and shall not be appropriated or transferred by the General Assembly for any other purposes.
Effective: February 10, 2020
History: Amended 2020 Ky. Acts ch. 1, sec. 9, effective February 10, 2020. — Created
2017 Ky. Acts ch. 45, sec. 8, effective March 20, 2017.
Legislative Research Commission Note (3/20/2017). 2017 Ky. Acts ch. 45 contained 13 sections. Sections 1 to 10 of that Act amended, repealed and reenacted, or created statutes relating to the industrial hemp research program found in the statutory range of KRS § 260.850 to KRS § 260.869. Sections 11 and 12 amended or created statutes in other KRS chapters, and Section 13 repealed some statutes within KRS § 260.850 to
260.869. The correct reference should have been to only Sections 1 to 10 of this Act, the relevant range affecting the industrial hemp research program, and in codification the Reviser of Statutes has codified that language in this statute accordingly under the authority of KRS § 7.136(1)(h) to correct manifest clerical or typographical errors.