248.550 Appropriation and use of funds -- Revenue estimates to be supplied by

121 words·~1 min read·/ky/248-550

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

Office of State Budget Director.

(1)The amount of revenues collected and/or credited to the tobacco research-trust fund

shall be appropriated each year to the Kentucky Tobacco Research and

Development Center to finance research projects and programs as provided in KRS

248.510 to 248.570 and shall be expended by the institute only on those projects

and programs authorized by the Kentucky Tobacco Research Board.

(2)The Office of State Budget Director shall supply revenue estimates of the amount of

revenue anticipated to be collected during each fiscal year by the added one-half

cent ($0.005) tax on cigarettes which estimate, along with any federal funds

available, shall be the basis for preparing tobacco research programs and budget

requests for each fiscal year.