(1) All license, certificate, and registration fees, charges, and fines, and other moneys collected by the board under KRS § 309.080 to KRS § 309.089 and the administrative regulations of the board, shall be deposited into the State Treasury and credited to a revolving fund to be used by the board in carrying out KRS § 309.080 to KRS § 309.089, and are hereby appropriated for those purposes.
(2) Notwithstanding KRS § 45.229, any moneys remaining in the fund at the close of the fiscal year shall not lapse but shall be carried forward into the succeeding fiscal year. Any interest earnings of the fund shall become part of the fund and shall not lapse.

Terms Used In Kentucky Statutes 309.082

  • 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

Effective: June 24, 2015
History: Created 2015 Ky. Acts ch. 29, sec. 16, effective June 24, 2015.

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