Kentucky Statutes 157.198 – Dyslexia trust fund
Current as of: 2024 | Check for updates
|
Other versions
(1) There is created a dyslexia trust fund administered by the Kentucky Department of
Education.
(2) The dyslexia trust fund may receive appropriations, federal funds, contributions, gifts, and donations.
(3) The purpose of the dyslexia trust fund shall be to finance grants to local school districts for support of students identified with the characteristics of dyslexia.
(4) Notwithstanding KRS § 45.229, moneys remaining in the fund at the close of a fiscal year shall not lapse but shall carry forward into the succeeding fiscal year. Interest earned on any moneys in the fund shall accrue to the fund. Amounts from the fund shall be disbursed and expended in accordance with this section.
(5) The Department of Education shall submit on an annual basis a report detailing all expenditures under this section to the Kentucky Board of Education and the General Assembly.
Effective: January 1, 2019
History: Created 2018 Ky. Acts ch. 206, sec. 1, effective January 1, 2019.
Education.
Terms Used In Kentucky Statutes 157.198
- 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.
- Year: means calendar year. See Kentucky Statutes 446.010
(2) The dyslexia trust fund may receive appropriations, federal funds, contributions, gifts, and donations.
(3) The purpose of the dyslexia trust fund shall be to finance grants to local school districts for support of students identified with the characteristics of dyslexia.
(4) Notwithstanding KRS § 45.229, moneys remaining in the fund at the close of a fiscal year shall not lapse but shall carry forward into the succeeding fiscal year. Interest earned on any moneys in the fund shall accrue to the fund. Amounts from the fund shall be disbursed and expended in accordance with this section.
(5) The Department of Education shall submit on an annual basis a report detailing all expenditures under this section to the Kentucky Board of Education and the General Assembly.
Effective: January 1, 2019
History: Created 2018 Ky. Acts ch. 206, sec. 1, effective January 1, 2019.