200.151 Early childhood development fund -- Purpose -- Source of moneys --
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/ky/200-151A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Strategic plan for fund distribution -- Annual report and audit. There is established in the State Treasury a fund to be known as the "Early Childhood Development Fund." This fund shall exist for the purpose of receipt and expenditure of moneys to improve and promote early childhood development for children of the Commonwealth. The fund may receive state appropriations, gifts, grants, and federal funds and shall be disbursed by the State Treasurer upon the warrant of the chair of the early childhood development board.
Beginning July 1, 2000, twenty-five percent (25%) of the proceeds from the tobacco settlement agreement fund shall be deposited in this fund as provided under KRS 248.654. All investment income earned from moneys deposited in the fund shall accrue to the fund. The moneys in the fund shall not lapse at the close of any fiscal year but shall be carried forward in the next fiscal year for the purpose of the fund. The board shall develop and oversee the implementation of a strategic plan.
The strategic plan shall identify both short-term and long-term goals and the appropriate oversights to measure progress toward achievement of those goals, and it shall be updated every two
(2)years. The board shall submit an annual report to the Governor and the