(1) The agricultural program trust fund is hereby created as a separate revolving fund to be administered by the Department of Agriculture.
(2) The fund shall consist of moneys deposited in the fund pursuant to KRS § 186.050 and any other proceeds from grants, contributors, appropriations, or other moneys available for purposes of the trust fund.

Terms Used In Kentucky Statutes 246.247

  • 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
  • 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

(3) Moneys in the fund shall be used for agricultural programs administered by the department.
(4) Notwithstanding KRS § 45.229, any balance remaining in the fund at the end of a fiscal year shall not lapse. Any balance remaining at the end of a fiscal year shall be carried forward to the next fiscal year. Any interest earnings of the fund shall become part of the revolving fund and shall not lapse.
Effective: March 6, 2009
History: Created 2009 Ky. Acts ch. 3, sec. 1, effective March 6, 2009.

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