Kentucky Statutes 247.5089 – Use of assessment funds
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The funds, including donations from individuals, concerns, corporations, and grants from the state or governmental agencies, shall be used for the purpose of promoting and stimulating, by research, market development and education, the increased use and sale, domestic and foreign, of small grains and small grains products; and for the prevention, modification, or elimination of trade barriers which obstruct the free flow of small grains and small grains products to market. None of these funds shall be used to lobby as defined in KRS § 6.611. The duly certified association receiving the assessment funds shall, upon the advice and consent of the Kentucky Small Grain Promotion Council, use and disburse the same as follows:
(1) The association may first refund to itself therefrom the costs and expenses incurred in the conduct of the referendum;
(2) The association may spend or disburse the necessary funds therefrom for administrative costs and expenses, but no more than fifteen percent (15%) of the funds collected in any marketing year shall be so utilized; and
(3) The balance remaining shall be used for the purposes provided in this section, as determined by the Kentucky Small Grain Promotion Council.
Effective: July 15, 1994
History: Amended 1994 Ky. Acts ch. 47, sec. 5, effective July 15, 1994. — Amended
1993 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 66, effective September 16, 1993. — Created 1990 Ky. Acts ch. 397, sec. 15, effective July 13, 1990.
(1) The association may first refund to itself therefrom the costs and expenses incurred in the conduct of the referendum;
Terms Used In Kentucky Statutes 247.5089
- Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
- Domestic: when applied to a corporation, partnership, business trust, or limited liability company, means all those incorporated or formed by authority of this state. See Kentucky Statutes 446.010
- Foreign: when applied to a corporation, partnership, limited partnership, business trust, statutory trust, or limited liability company, includes all those incorporated or formed by authority of any other state. See Kentucky Statutes 446.010
- 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 association may spend or disburse the necessary funds therefrom for administrative costs and expenses, but no more than fifteen percent (15%) of the funds collected in any marketing year shall be so utilized; and
(3) The balance remaining shall be used for the purposes provided in this section, as determined by the Kentucky Small Grain Promotion Council.
Effective: July 15, 1994
History: Amended 1994 Ky. Acts ch. 47, sec. 5, effective July 15, 1994. — Amended
1993 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 66, effective September 16, 1993. — Created 1990 Ky. Acts ch. 397, sec. 15, effective July 13, 1990.