227A.050 Fees -- Revolving fund.

155 words·~1 min read·/ky/chapter-227a/227a-050

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

(1)All fees and other moneys received by the department under the provisions of KRS

227A.010 to 227A.140 shall be deposited in the State Treasury to the credit of a

revolving fund for use by the department in administering the provisions of KRS

227A.010 to 227A.140.

(2)No part of this revolving fund shall revert to the general funds of the

Commonwealth.

(3)An authorized local licensing program under KRS 227A.010 to 227A.140 shall

negotiate with the department the amount of the fees to be retained by the

authorized local licensing program.

(4)Funds for the initial administration of KRS 227A.010 to 227A.140, following June

24, 2003, and to the extent fee income is insufficient to meet actual costs as

determined by the chief budget officer for the department, shall be borrowed from

surplus trust and agency accounts of the department and repaid without interest over

no more than the succeeding two

(2)fiscal years.