177.320 Use of portion of gasoline tax revenues for secondary and rural roads,

256 words·~1 min read·/ky/177-320

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

county roads and bridges and the Kentucky Transportation Center --

Allocation of funds.

(1)Twenty-two and two-tenths percent (22.2%) of all funds arising from the imposition

of taxes provided by KRS 138.220(1) and (2), 138.660(1) and

(2)and 234.320 shall

be set aside for the construction, reconstruction and maintenance of secondary and

rural roads and for no other purpose, and shall be expended for said purposes by the

Transportation Cabinet of the Commonwealth of Kentucky according to the terms

and conditions prescribed in KRS 177.330 to 177.360.

(2)On or after July 1, 1980, eighteen and three-tenths percent (18.3%) of all funds

arising from the imposition of taxes provided by KRS 138.220(1) and (2),

138.660(1) and (2), and 234.320 shall be set aside for the construction,

reconstruction and maintenance of county roads and bridges provided by KRS

179.410 and 179.415.

(3)All funds set aside in subsection

(2)of this section for the construction,

reconstruction and maintenance of county roads and bridges shall be allocated to

the county in accordance with the formula established in KRS 177.360(1) pursuant

to KRS 179.410.

(4)On or after July 1, 1986, one-tenth of one percent (0.1%) of all funds arising from

the imposition of taxes provided by KRS 138.220(1) and (2), 138.660 and 234.320

shall be set aside for the purposes and functions of the Kentucky Transportation

Center as established by KRS 177.375 to 177.380, except that the receipts provided

to the center by this subsection shall not exceed one hundred ninety thousand

dollars ($190,000) for any fiscal year.