198B.4037 Elevator safety program trust fund.
141 words·~1 min read·
/ky/chapter-198b/198b-4037A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The elevator safety program trust fund is created in the State Treasury as a separate
revolving fund to be administered by the department. The trust fund shall consist of
amounts deposited in the fund as provided in KRS 198B.530 and any other
proceeds from grants, contributions, appropriations, or other money made available
for the purposes of the trust fund.
(2)Notwithstanding KRS 45.229, any moneys remaining in the fund at the close of the
fiscal year shall not lapse but shall be carried forward to the next fiscal year to be
used for the purposes set forth in this section.
(3)Any interest earnings of the trust fund shall become a part of the trust fund and shall
not lapse.
(4)Trust fund moneys shall be used and are hereby appropriated for reasonable
administrative expenses associated with the elevator safety.