Kentucky Statutes 216.716 – Kentucky personal services agency fund
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(1) (a) There is created a trust and agency fund to be known as the Kentucky personal services agency fund.
(b) The fund shall be administered by the Finance and Administration Cabinet.
(c) The fund shall be funded with moneys collected under KRS § 216.712 and
216.714.
(2) Moneys in the fund shall be used by a department designated by the secretary of the Cabinet for Health and Family Services to administer KRS § 216.712 and KRS § 216.714. The amount expended to administer KRS § 216.712 and KRS § 216.714 shall not exceed the amount collected under KRS § 216.712 and KRS § 216.714.
(3) Notwithstanding KRS § 45.229, any moneys remaining in the fund at the close of the fiscal year shall not lapse but shall be carried forward into the succeeding fiscal year to be used for the purposes set forth in subsection (2) of this section.
(4) Interest earned on any moneys in the account shall accrue to the account.
(5) Moneys in the fund are hereby appropriated for the purposes set forth in KRS
216.712 and 216.714.
Effective: June 25, 2009
History: Created 2009 Ky. Acts ch. 83, sec. 4, effective June 25, 2009.
Legislative Research Commission Note (6/25/2009). 2009 Ky. Acts ch. 83, sec. 4, provided that a new section of KRS Chapter 45 was to be created. During codification, the Reviser of Statutes has instead created a new section of KRS Chapter 216 for that section under the authority of KRS § 7.136(1)(a).
(b) The fund shall be administered by the Finance and Administration Cabinet.
Terms Used In Kentucky Statutes 216.716
- 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
(c) The fund shall be funded with moneys collected under KRS § 216.712 and
216.714.
(2) Moneys in the fund shall be used by a department designated by the secretary of the Cabinet for Health and Family Services to administer KRS § 216.712 and KRS § 216.714. The amount expended to administer KRS § 216.712 and KRS § 216.714 shall not exceed the amount collected under KRS § 216.712 and KRS § 216.714.
(3) Notwithstanding KRS § 45.229, any moneys remaining in the fund at the close of the fiscal year shall not lapse but shall be carried forward into the succeeding fiscal year to be used for the purposes set forth in subsection (2) of this section.
(4) Interest earned on any moneys in the account shall accrue to the account.
(5) Moneys in the fund are hereby appropriated for the purposes set forth in KRS
216.712 and 216.714.
Effective: June 25, 2009
History: Created 2009 Ky. Acts ch. 83, sec. 4, effective June 25, 2009.
Legislative Research Commission Note (6/25/2009). 2009 Ky. Acts ch. 83, sec. 4, provided that a new section of KRS Chapter 45 was to be created. During codification, the Reviser of Statutes has instead created a new section of KRS Chapter 216 for that section under the authority of KRS § 7.136(1)(a).