Kentucky Statutes 171.392 – Rock fence preservation fund
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(1) There is hereby established in the State Treasury a rock fence preservation fund, which shall be administered by the council. The fund may receive appropriations, gifts, grants, federal funds, revolving funds, and any other funds from public and private sources, to be used for reconstruction and repair of the Commonwealth’s historic drylaid rock fences and historic mortared rock fences.
(2) Moneys deposited in the fund shall be disbursed by the State Treasurer under the
Rock Fence Preservation Program established in KRS § 171.393.
(3) Fund amounts not expended at the close of a fiscal year shall not lapse but shall be carried forward to the next fiscal year. Income earned from investment of the fund shall become part of the fund and shall not lapse.
(4) Amounts deposited in the fund are hereby appropriated for the purposes set forth in KRS § 171.391 to KRS § 171.393, and in no case shall the funds be used for executive agency administrative costs.
Effective: June 26, 2007
History: Created 2007 Ky. Acts ch. 11, sec. 2, effective June 26, 2007.
Legislative Research Commission Note (6/26/2007). The numbering of subsections in this section has been altered from the numbering of 2007 Ky. Acts ch. 11, sec. 2 by the Reviser of Statutes under the authority of KRS § 7.136.
(2) Moneys deposited in the fund shall be disbursed by the State Treasurer under the
Terms Used In Kentucky Statutes 171.392
- 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
- Year: means calendar year. See Kentucky Statutes 446.010
Rock Fence Preservation Program established in KRS § 171.393.
(3) Fund amounts not expended at the close of a fiscal year shall not lapse but shall be carried forward to the next fiscal year. Income earned from investment of the fund shall become part of the fund and shall not lapse.
(4) Amounts deposited in the fund are hereby appropriated for the purposes set forth in KRS § 171.391 to KRS § 171.393, and in no case shall the funds be used for executive agency administrative costs.
Effective: June 26, 2007
History: Created 2007 Ky. Acts ch. 11, sec. 2, effective June 26, 2007.
Legislative Research Commission Note (6/26/2007). The numbering of subsections in this section has been altered from the numbering of 2007 Ky. Acts ch. 11, sec. 2 by the Reviser of Statutes under the authority of KRS § 7.136.