Kentucky Statutes 317A.080 – Kentucky Board of Cosmetology trust and agency fund — Disposition of fees
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(1) There is hereby established in the State Treasury the Kentucky Board of
Cosmetology trust and agency fund.
(2) The fund shall be administered by the board.
(3) (a) All fees collected by the board shall be deposited into the fund and shall be used only for the purpose of administering the provisions of this chapter as it relates to the board.
(b) The cost and expenses of administering the provisions of this chapter including compensation to members of the board and its officers and employees shall be paid out of the State Treasury upon warrants of the secretary of the Finance and Administration Cabinet according to law. However, the total expense of administering these provisions shall not exceed the fees and other charges collected by the board and available in the fund;
(4) Notwithstanding KRS § 45.229, 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 fund shall become a part of the fund and shall not lapse. (6) Moneys deposited 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: March 30, 2018
History: Amended 2018 Ky. Acts ch. 46, sec. 20, effective March 30, 2018. — Created
1974 Ky. Acts ch. 74, Art. II, sec. 9(2); and ch. 354, sec. 8.
Cosmetology trust and agency fund.
Terms Used In Kentucky Statutes 317A.080
- Board: means the Kentucky Board of Cosmetology. See Kentucky Statutes 317A.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
(2) The fund shall be administered by the board.
(3) (a) All fees collected by the board shall be deposited into the fund and shall be used only for the purpose of administering the provisions of this chapter as it relates to the board.
(b) The cost and expenses of administering the provisions of this chapter including compensation to members of the board and its officers and employees shall be paid out of the State Treasury upon warrants of the secretary of the Finance and Administration Cabinet according to law. However, the total expense of administering these provisions shall not exceed the fees and other charges collected by the board and available in the fund;
(4) Notwithstanding KRS § 45.229, 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 fund shall become a part of the fund and shall not lapse. (6) Moneys deposited 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: March 30, 2018
History: Amended 2018 Ky. Acts ch. 46, sec. 20, effective March 30, 2018. — Created
1974 Ky. Acts ch. 74, Art. II, sec. 9(2); and ch. 354, sec. 8.