Kentucky Statutes 246.245 – Agriculture promotion fund
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(1) There is hereby established in the State Treasury a separate trust and agency account to be known as the “Agriculture Promotion Fund” to be administered by the Department of Agriculture for the purposes provided in this section. Any moneys accruing to this fund in any fiscal year shall not lapse but shall be carried forward to the next fiscal year.
(2) (a) Any moneys deposited in the fund shall be used to purchase materials to promote agriculture in the Commonwealth;
(b) Any moneys received from the sale of promotional materials shall be deposited in the fund; and
(c) The fund may receive state appropriations, gifts, grants, and federal funds.
Effective: June 21, 2001
History: Created 2001 Ky. Acts ch. 20, sec. 1, effective June 21, 2001.
(2) (a) Any moneys deposited in the fund shall be used to purchase materials to promote agriculture in the Commonwealth;
Terms Used In Kentucky Statutes 246.245
- Agriculture: means the business of raising or producing:
(a) Crops, the products of which are used for food, feed, fiber, energy, or pharmaceuticals. See Kentucky Statutes 246.010 - Department: means the Department of Agriculture. See Kentucky Statutes 246.010
- 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
(b) Any moneys received from the sale of promotional materials shall be deposited in the fund; and
(c) The fund may receive state appropriations, gifts, grants, and federal funds.
Effective: June 21, 2001
History: Created 2001 Ky. Acts ch. 20, sec. 1, effective June 21, 2001.