Kentucky Statutes 309.306 – Fees credited to revolving fund
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(1) All fees and other moneys received by the board under the provisions of KRS
309.300 to 309.319 shall be deposited in the State Treasury to the credit of a revolving fund for the use of the board.
(2) No part of this revolving fund shall revert to the general fund of this
Commonwealth.
(3) This revolving fund shall pay for the reimbursement of board members for actual and necessary expenses incurred in the performance of their official duties, the compensation of all of the employees of the board, and those operational expenses incurred in fulfilling the board’s duties as described in administrative regulation.
Effective: July 15, 1998
History: Created 1998 Ky. Acts ch. 11, sec. 5, effective July 15, 1998.
309.300 to 309.319 shall be deposited in the State Treasury to the credit of a revolving fund for the use of the board.
Terms Used In Kentucky Statutes 309.306
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
(2) No part of this revolving fund shall revert to the general fund of this
Commonwealth.
(3) This revolving fund shall pay for the reimbursement of board members for actual and necessary expenses incurred in the performance of their official duties, the compensation of all of the employees of the board, and those operational expenses incurred in fulfilling the board’s duties as described in administrative regulation.
Effective: July 15, 1998
History: Created 1998 Ky. Acts ch. 11, sec. 5, effective July 15, 1998.