(1) The military family assistance trust fund is created as a separate revolving fund. The trust fund shall consist of grants, contributions, appropriations, or other moneys made available for the purpose of the trust fund.
(2) Trust fund amounts not expended at the close of a fiscal year shall not lapse but shall be carried forward to the next fiscal year.

Terms Used In Kentucky Statutes 36.470

  • 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.
  • Year: means calendar year. See Kentucky Statutes 446.010

(3) Any interest earnings of the trust fund shall become a part of the trust fund and shall not lapse.
Effective: April 25, 2006
History: Created 2006 Ky. Acts ch. 252, Pt. XXVIII, sec. 1, effective April 25, 2006.

  Previous section
Next section  
 Chapter 36 Contents