(1) The equine health and welfare fund is created in the State Treasury as a trust and agency account to be administered by the council for the purposes provided in this section.
(2) Notwithstanding KRS 45.229, any moneys accruing to this fund in any fiscal year, including state appropriations, gifts, grants, federal funds, interest, and any other funds both public and private, shall not lapse but shall be carried forward to the next fiscal year.

Terms Used In Kentucky Statutes 257.476

  • Council: means the Kentucky Equine Health and Welfare Council. See Kentucky Statutes 257.010
  • 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.
  • 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

(3) Any interest earnings of the fund shall become a part of the fund and shall not lapse. (4) Moneys received in the fund shall be used for carrying out the provisions of KRS
257.472 to 257.476.
Effective: July 15, 2010
History: Created 2010 Ky. Acts ch. 106, sec. 3, effective July 15, 2010.