Kentucky Statutes 164.6027 – Suspension of Kentucky rural innovation fund on July 1, 2021 — Transfer of all interests to Kentucky enterprise fund
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On July 1, 2021, the Kentucky rural innovation fund shall cease making any further investments and shall be suspended. All funds, investments, unallocated or unencumbered balances, rights, contractual rights and obligations, and earned income retained by the Kentucky rural innovation fund as of June 30, 2021, shall be transferred to the Kentucky enterprise fund and allocated and invested pursuant to the Kentucky enterprise fund’s statutory mandate as provided in KRS § 164.6019, 164.6021, and
164.6023. To the extent any costs are incurred in the transfer of such interests, those costs may be paid from the funds or from the general fund appropriation to the cabinet, as determined by the cabinet.
Effective: June 29, 2021
History: Amended 2021 Ky. Acts ch. 185, sec. 137, effective June 29, 2021. — Created
2000 Ky. Acts ch. 522, sec. 9, effective July 14, 2000.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, B, 1, (3) at 1654.
164.6023. To the extent any costs are incurred in the transfer of such interests, those costs may be paid from the funds or from the general fund appropriation to the cabinet, as determined by the cabinet.
Terms Used In Kentucky Statutes 164.6027
- branch budget: means an enactment by the General Assembly which provides appropriations and establishes fiscal policies and conditions for the biennial financial plan for the judicial branch, the legislative branch, and the executive branch, which shall include a separate budget bill for the Transportation Cabinet. See Kentucky Statutes 446.010
Effective: June 29, 2021
History: Amended 2021 Ky. Acts ch. 185, sec. 137, effective June 29, 2021. — Created
2000 Ky. Acts ch. 522, sec. 9, effective July 14, 2000.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, B, 1, (3) at 1654.