42.4592 Allocation of remaining moneys in local government economic
524 words·~2 min read·
/ky/42-4592A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
development fund.
(1)Moneys remaining in the local government economic development fund following
the transfer of moneys to the local government economic assistance fund provided
for in KRS 42.4585 shall be allocated as follows:
(a)Thirty-three and one-third percent (33-1/3%) shall be allocated to each coal
producing county on the basis of the ratio of total coal severed in the current
and preceding four
(4)years in each respective county to the total coal
severed statewide in the current and four
(4)preceding years;
(b)Thirty-three and one-third percent (33-1/3%) shall be allocated quarterly to
each coal-producing county on the basis of the following factors, which shall
be computed for the current and four
(4)preceding years, and which shall be
equally weighted:
1. Percentage of employment in mining in relation to total employment in
the respective county;
2. Percentage of earnings from mining in relation to total earnings in the
respective county; and
3. Surplus labor rate; and
(c)Thirty-three and one-third percent (33-1/3%) shall be reserved for expenditure
for industrial development projects benefiting two
(2)or more coal-producing
counties. For purposes of this paragraph, "coal-producing county" shall mean
a county which has produced coal in the current or any one of the four
preceding years.
(a)For purposes of paragraph
(b)of subsection
(1)of this section, "percentage of
employment in mining" and "percentage of earnings from mining" shall be
provided by the Department of Workforce Development in the Education and
Labor Cabinet, and "surplus labor rate" shall be the rate published for the
latest available five
(5)year period by the Department of Workforce
Development as provided in paragraph
(b)of this subsection.
(b)1. Each year the Department of Workforce Development shall estimate
surplus labor for each county and for the Commonwealth and shall
annually publish an estimate of the surplus labor rate for each county
and the Commonwealth.
2. The estimate of surplus labor for each county and for the
Commonwealth shall be made using the best practical method available
at the time the estimates are made. In determining the method to be
adopted, the Department of Workforce Development may consult with
knowledgeable individuals, including but not limited to the Office of the
United States Bureau of Labor Statistics, state and national researchers,
state and local officials, and staff of the Legislative Research
Commission. The description of the method used to estimate surplus
labor shall be reported in each annual publication provided for in
subparagraph 1. of this paragraph.
3. For purposes of this section, "surplus labor" means the total number of
residents who can be classified as unemployed or as discouraged
workers, and "surplus labor rate" means the percentage of the potential
civilian labor force which is surplus labor.
(3)The funds allocated under the provisions of paragraphs
(a)and
(b)of subsection
of this section shall retain their identity with respect to the county to which they are
attributable, and a separate accounting of available moneys within the fund shall be
maintained for the respective counties. Accounting for funds allocated under the
provisions of this section shall be by the Department for Local Government.