Funds and the proceeds of the trust assets returned to the Commissioner of Agriculture pursuant to KRS § 246.270 which are not retransferred to the Secretary of Agriculture of the United States pursuant to KRS § 246.275, shall be paid into the State Treasury and carried in a separate account for use for such of the rural rehabilitation purposes permissible under the charter of the now dissolved Kentucky Rural Rehabilitation Corporation as may from time to time be agreed upon by the Commissioner and the Secretary of Agriculture of the United States, subject to the applicable provisions of said Public Law 499, or for the purposes of KRS § 246.275.
History: Created 1952 Ky. Acts ch. 168, sec. 3.

Terms Used In Kentucky Statutes 246.280

  • 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
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Commissioner: means the Commissioner of Agriculture. See Kentucky Statutes 246.010
  • Public law: A public bill or joint resolution that has passed both chambers and been enacted into law. Public laws have general applicability nationwide.
  • State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
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