The funds, including donations from individuals, concerns, corporations, and grants from the state or governmental agencies, shall be used by the promotion board for the purpose of promoting and stimulating, by research, market development, and education, the increased use and sale, domestic and foreign, of soybeans and soybean products. These funds shall not be used to lobby as defined in KRS § 6.611. The promotion board may spend or disburse the necessary funds therefrom for administrative costs and expenses, but no more than fifteen percent (15%) of the funds collected in any marketing year shall be so utilized.
Effective: September 16, 1993

Terms Used In Kentucky Statutes 247.580

  • Board: means the State Board of Agriculture. See Kentucky Statutes 247.010
  • Domestic: when applied to a corporation, partnership, business trust, or limited liability company, means all those incorporated or formed by authority of this state. See Kentucky Statutes 446.010
  • Foreign: when applied to a corporation, partnership, limited partnership, business trust, statutory trust, or limited liability company, includes all those incorporated or formed by authority of any other state. See Kentucky Statutes 446.010
  • 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

History: Amended 1993 (1st Extra. Sess.) Ky. Acts ch. 4, sec. 67, effective September
16, 1993. — Amended 1992 Ky. Acts ch. 45, sec. 7, effective July 14, 1992. — Created 1974 Ky. Acts ch. 83, sec. 15.

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