Kentucky Statutes 246.655 – Kentucky ginseng fund
Current as of: 2024 | Check for updates
|
Other versions
(1) There is hereby established in the State Treasury a separate trust and agency account to be known as the Kentucky ginseng fund to be administered by the Department of Agriculture.
(2) Moneys in this fund shall be used to help administer the ginseng program as provided by KRS § 246.660.
(3) Notwithstanding KRS § 45.229, any moneys remaining in the fund at the close of the fiscal year, including interest, shall not lapse but shall be carried forward into the succeeding fiscal year to be used for the purposes set forth in this section.
(4) The fund may receive gifts, grants, federal funds, and any other funds both public and private.
Effective: June 8, 2011
History: Created 2011 Ky. Acts ch. 15, sec. 3, effective June 8, 2011.
(2) Moneys in this fund shall be used to help administer the ginseng program as provided by KRS § 246.660.
Terms Used In Kentucky Statutes 246.655
- 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
(3) Notwithstanding KRS § 45.229, any moneys remaining in the fund at the close of the fiscal year, including interest, shall not lapse but shall be carried forward into the succeeding fiscal year to be used for the purposes set forth in this section.
(4) The fund may receive gifts, grants, federal funds, and any other funds both public and private.
Effective: June 8, 2011
History: Created 2011 Ky. Acts ch. 15, sec. 3, effective June 8, 2011.