Kentucky Statutes 304.2-400 – Insurance regulatory trust fund — Use
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(1) There is created in the State Treasury a trust fund designated the “Insurance Regulatory Trust Fund” to which shall be credited all payments received under KRS § 304.4-010.
(2) The moneys so received and deposited in the insurance regulatory trust fund shall be appropriated for use only by the department to defray the expenses of the department in discharge of its administrative and regulatory powers and duties as prescribed by law subject to the applicable laws relating to the appropriation of state funds and to the deposit and expenditure of state moneys. The department shall be responsible for the proper expenditure of these moneys as provided by law.
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 954, effective July 15, 2010. — Amended
1998 Ky. Acts ch. 213, sec. 1, effective July 15, 1998. — Amended 1988 Ky. Acts ch. 225, sec. 21, effective July 15, 1988. — Created 1986 Ky. Acts ch. 437, sec. 35, effective July 15, 1986.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, D, 11, (1) at 1664.
(2) The moneys so received and deposited in the insurance regulatory trust fund shall be appropriated for use only by the department to defray the expenses of the department in discharge of its administrative and regulatory powers and duties as prescribed by law subject to the applicable laws relating to the appropriation of state funds and to the deposit and expenditure of state moneys. The department shall be responsible for the proper expenditure of these moneys as provided by law.
Terms Used In Kentucky Statutes 304.2-400
- branch budget: means an enactment by the General Assembly which provides appropriations and establishes fiscal policies and conditions for the biennial financial plan for the judicial branch, the legislative branch, and the executive branch, which shall include a separate budget bill for the Transportation Cabinet. 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
Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 24, sec. 954, effective July 15, 2010. — Amended
1998 Ky. Acts ch. 213, sec. 1, effective July 15, 1998. — Amended 1988 Ky. Acts ch. 225, sec. 21, effective July 15, 1988. — Created 1986 Ky. Acts ch. 437, sec. 35, effective July 15, 1986.
2022-2024 Budget Reference. See State/Executive Branch Budget, 2022 Ky. Acts ch.
199, Pt. I, D, 11, (1) at 1664.