Kentucky Statutes 56.783 – Energy efficiency in state government buildings revolving loan fund
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(1) A special fund in the State Treasury is hereby created which shall be known as the energy efficiency in state government buildings revolving loan fund. The fund shall be used to provide financial assistance to state government agencies for the purposes of KRS § 56.770 to KRS § 56.784.
(2) The fund may receive state appropriations, gifts, grants, and federal funds and shall include earnings from the investment of moneys in the fund. Any fund balance at the close of the fiscal year shall not lapse but shall carry forward to the next fiscal year and shall remain available solely for the purposes of this section.
(3) Administration of this fund shall be the responsibility of the cabinet. The cabinet shall establish terms and conditions for loans from the fund including the application and repayment process. The cabinet shall establish and implement fiscal controls and accounting periods for payments received and disbursements made by the fund and for fund balances at the beginning and end of each accounting period.
(4) All repayments of loans made under this section shall be paid into the fund.
Balances, or portions thereof, in the fund shall not revert to the general fund.
Effective: February 25, 2010
History: Repealed and reenacted 2010 Ky. Acts ch. 5, sec. 9, effective February 25,
2010. — Amended 2008 Ky. Acts ch. 139, sec. 9, effective July 15, 2008. — Created
2002 Ky. Acts ch. 35, sec. 4, effective July 15, 2002.
Legislative Research Commission Note (2/25/2010). 2010 Ky. Acts ch. 5, sec. 28, provides that the repeal and reenactment of this section in that Act “shall apply retroactively to July 15, 2008.”
(2) The fund may receive state appropriations, gifts, grants, and federal funds and shall include earnings from the investment of moneys in the fund. Any fund balance at the close of the fiscal year shall not lapse but shall carry forward to the next fiscal year and shall remain available solely for the purposes of this section.
Terms Used In Kentucky Statutes 56.783
- Cabinet: means the Finance and Administration Cabinet. See Kentucky Statutes 56.440
- Commission: means the State Property and Buildings Commission. See Kentucky Statutes 56.440
- 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
(3) Administration of this fund shall be the responsibility of the cabinet. The cabinet shall establish terms and conditions for loans from the fund including the application and repayment process. The cabinet shall establish and implement fiscal controls and accounting periods for payments received and disbursements made by the fund and for fund balances at the beginning and end of each accounting period.
(4) All repayments of loans made under this section shall be paid into the fund.
Balances, or portions thereof, in the fund shall not revert to the general fund.
Effective: February 25, 2010
History: Repealed and reenacted 2010 Ky. Acts ch. 5, sec. 9, effective February 25,
2010. — Amended 2008 Ky. Acts ch. 139, sec. 9, effective July 15, 2008. — Created
2002 Ky. Acts ch. 35, sec. 4, effective July 15, 2002.
Legislative Research Commission Note (2/25/2010). 2010 Ky. Acts ch. 5, sec. 28, provides that the repeal and reenactment of this section in that Act “shall apply retroactively to July 15, 2008.”