164A.810 Funds -- Deposit -- Investment -- Purpose.

132 words·~1 min read·/ky/chapter-164a/164a-810

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

(1)All moneys received by the mining and minerals trust fund shall be deposited in the

State Treasury in a separate account entitled "mining and minerals research." The

Treasurer of the Commonwealth shall, by the 10th day of each month, issue a check

to the trustee of the mining and minerals trust fund in an amount equal to the

balance of funds in the account at the close of business on the last business day of

the preceding month. Idle funds in the account shall be invested, consistent with

disbursement requirements, by the Treasurer and investment earnings shall accrue

to the state general fund.

(2)Moneys deposited in the mining and minerals trust fund in fiscal years 1982-83 and

1983-84 are appropriated for the purposes contained in subsection

(1)of KRS

164A.820.