Kentucky Statutes 227A.050 – Fees — Revolving fund
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(1) All fees and other moneys received by the department under the provisions of KRS
227A.010 to 227A.140 shall be deposited in the State Treasury to the credit of a revolving fund for use by the department in administering the provisions of KRS
227A.010 to 227A.140.
(2) No part of this revolving fund shall revert to the general funds of the
Commonwealth.
(3) An authorized local licensing program under KRS § 227A.010 to KRS § 227A.140 shall negotiate with the department the amount of the fees to be retained by the authorized local licensing program.
(4) Funds for the initial administration of KRS § 227A.010 to KRS § 227A.140, following June
24, 2003, and to the extent fee income is insufficient to meet actual costs as determined by the chief budget officer for the department, shall be borrowed from surplus trust and agency accounts of the department and repaid without interest over no more than the succeeding two (2) fiscal years.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 432, effective July 15, 2010. — Created
2003 Ky. Acts ch. 119, sec. 5, effective June 24, 2003.
227A.010 to 227A.140 shall be deposited in the State Treasury to the credit of a revolving fund for use by the department in administering the provisions of KRS
Terms Used In Kentucky Statutes 227A.050
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
227A.010 to 227A.140.
(2) No part of this revolving fund shall revert to the general funds of the
Commonwealth.
(3) An authorized local licensing program under KRS § 227A.010 to KRS § 227A.140 shall negotiate with the department the amount of the fees to be retained by the authorized local licensing program.
(4) Funds for the initial administration of KRS § 227A.010 to KRS § 227A.140, following June
24, 2003, and to the extent fee income is insufficient to meet actual costs as determined by the chief budget officer for the department, shall be borrowed from surplus trust and agency accounts of the department and repaid without interest over no more than the succeeding two (2) fiscal years.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 432, effective July 15, 2010. — Created
2003 Ky. Acts ch. 119, sec. 5, effective June 24, 2003.