Kentucky Statutes 224.50-880 – Waste tire trust fund
Current as of: 2024 | Check for updates
|
Other versions
(1) A waste tire trust fund is established in the state treasury. The fund shall be used by the cabinet for the following purposes:
(a) Properly managing waste tires;
(b) Paying the costs associated with any waste tire amnesty program established by the cabinet that permits waste tires to be turned in without incurring fees, charges, or penalties;
(c) Paying the Department of Revenue’s costs of assessing and collecting the fee established by KRS § 224.50-868;
(d) Entering into the agreements described in KRS § 224.50-876; and
(e) Awarding the grants described in KRS § 224.50-878.
The cabinet shall utilize no more than twenty-five percent (25%) of the funds for the administrative costs related to implementing the waste tire program. All remaining funds shall be utilized, in accordance with KRS § 224.50-850 to KRS § 224.50-
880, for waste tire amnesty programs, crumb rubber grants, tire-derived fuel programs, and other projects that will manage waste tires as appropriate to protect human health, safety, and the environment, or to develop markets for waste tires.
(2) All interest earned on money in the fund shall be credited to the fund.
(3) Money unexpended at the end of a fiscal year shall not lapse to the general fund.
(4) Any money remaining in the waste tire trust fund established by KRS § 224.50-820 shall be transferred to the fund established by this section.
Effective: June 8, 2011
History: Amended 2011 Ky. Acts ch. 34, sec. 5, effective June 8, 2011. — Amended
2005 Ky. Acts ch. 85, sec. 631, effective June 20, 2005. — Amended 2002 Ky. Acts ch. 46, sec. 3, effective July 15, 2002. — Created 1998 Ky. Acts ch. 529, sec. 16, effective July 15, 1998.
2020-2022 Budget Reference. See State/Executive Branch Budget, 2020 Ky. Acts ch.
92, Pt. V, C, 2 at 940.
(a) Properly managing waste tires;
Terms Used In Kentucky Statutes 224.50-880
- branch budget: means an enactment by the General Assembly which provides appropriations and establishes fiscal policies and conditions for the biennial financial plan for the judicial branch, the legislative branch, and the executive branch, which shall include a separate budget bill for the Transportation Cabinet. See Kentucky Statutes 446.010
- Cabinet: means the Energy and Environment Cabinet. See Kentucky Statutes 224.1-010
- 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
- Waste: means :
(a) "Solid waste" means any garbage, refuse, sludge, and other discarded material, including solid, liquid, semi-solid, or contained gaseous material resulting from industrial, commercial, mining (excluding coal mining wastes, coal mining by-products, refuse, and overburden), agricultural operations, and from community activities, but does not include those materials including, but not limited to, sand, soil, rock, gravel, or bridge debris extracted as part of a public road construction project funded wholly or in part with state funds, recovered material, post-use polymers or recovered feedstocks, tire-derived fuel, special wastes as designated by KRS §. See Kentucky Statutes 224.1-010
(b) Paying the costs associated with any waste tire amnesty program established by the cabinet that permits waste tires to be turned in without incurring fees, charges, or penalties;
(c) Paying the Department of Revenue’s costs of assessing and collecting the fee established by KRS § 224.50-868;
(d) Entering into the agreements described in KRS § 224.50-876; and
(e) Awarding the grants described in KRS § 224.50-878.
The cabinet shall utilize no more than twenty-five percent (25%) of the funds for the administrative costs related to implementing the waste tire program. All remaining funds shall be utilized, in accordance with KRS § 224.50-850 to KRS § 224.50-
880, for waste tire amnesty programs, crumb rubber grants, tire-derived fuel programs, and other projects that will manage waste tires as appropriate to protect human health, safety, and the environment, or to develop markets for waste tires.
(2) All interest earned on money in the fund shall be credited to the fund.
(3) Money unexpended at the end of a fiscal year shall not lapse to the general fund.
(4) Any money remaining in the waste tire trust fund established by KRS § 224.50-820 shall be transferred to the fund established by this section.
Effective: June 8, 2011
History: Amended 2011 Ky. Acts ch. 34, sec. 5, effective June 8, 2011. — Amended
2005 Ky. Acts ch. 85, sec. 631, effective June 20, 2005. — Amended 2002 Ky. Acts ch. 46, sec. 3, effective July 15, 2002. — Created 1998 Ky. Acts ch. 529, sec. 16, effective July 15, 1998.
2020-2022 Budget Reference. See State/Executive Branch Budget, 2020 Ky. Acts ch.
92, Pt. V, C, 2 at 940.