(1) Notwithstanding the provisions of KRS § 247.610 to KRS § 247.685, in accordance with the Federal Beef Promotion and Research Act of 1985, each Kentucky producer of a bovine animal shall receive a credit of up to fifty cents ($0.50) on each bovine animal on which a one dollar ($1) assessment was made under the terms of the federal act. Each fifty cent ($0.50) credit received by the producer shall be retained by the association certified under KRS § 247.610 to KRS § 247.685 and shall be used by the association for the purposes provided in KRS § 247.610 to KRS § 247.685.
(2) In the event the one dollar ($1) assessment provided by the federal act is terminated or suspended, that assessment on each Kentucky producer of a bovine animal shall continue to be collected, shall be retained by the association certified under KRS
247.610 to 247.685, and shall be used for the purposes provided in KRS § 247.610 to
247.685.
Effective: June 25, 2013
History: Amended 2013 Ky. Acts ch. 129, sec. 2, effective June 25, 2013. — Amended
2004 Ky. Acts ch. 32, sec. 2, effective July 13, 2004. — Created 1986 Ky. Acts ch.
388, sec. 1, effective July 15, 1986.